211 Main Street, Destin 32541 (Active)

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Listing Information

Property Type: Commercial Sale
MLS #: 843642 Price: $990,000.00 Year Built: 1986
Square Feet: 14600 Bedrooms: Not available Bathrooms: Not available
HOA Fees: Not available Lot Size: 0.72 acres Lot Dimensions: Not available

Subdivision: Not available

Description:

Available for purchase- 14,600sf of mixed use income producing property in Destin FL with tremendous upside. This property consists of two 7,000sf (+/-) buildings with 10 units on .76 acres. Building 1 is a 7,000sf former furniture store with 4500sf of showroom and 2500sf of warehouse currently leased as two separate units. Building 2 is a 7,600sf two story brick building with 8 units (1 apartment, 6 retail / office units and 1 workshop). Current gross income is $83,580 with 90% occupancy and rental rates are well below the current market, proposed rate structure should produce net rents in excess of $110k annually, with estimated operating expenses of $2.29 per sf.Centrally Located, New Roof 2018.

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Features

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Commercial Features

  
Income-Producing Property Type: RetailRetail Year Built: 1986 Retail Building Square Footage: 14600
Retail Number of Units: 10

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This listing provided courtesy of Taylor Allen Properties LLC.
This information was last updated on 5/28/2020 10:20:23 PM.

All information in this listing is approximate. Buyers are expected to verify any specific information prior to signing any contract. Neither Brandon Jordan, ERA American Real Estate, ECAR, nor any other Realtor is liable for any inaccuracies herein.
All listings are provided courtesy of the Emerald Coast Association of Realtors, copyright 2020. All rights reserved.


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