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1688 Scenic Gulf Drive, Miramar Beach 32550 (Active)
Listing Information
| Property Type: Commercial Sale |
| MLS #: | 931628 | Price: | $8,450,000.00 | Year Built: | 1974 | Square Feet: | 7417 | Bedrooms: | Not available | Bathrooms: | Not available |
| HOA Fees: | Not available | Lot Size: | 0.45 acres | Lot Dimensions: | 200 x 98 |
Subdivision: Not available
Description:
HUGE PRICE IMPROVEMENT! Free Standing Building. Highly desirable retail location across the road from the Gulf of Mexico. Tremendous resort visitor traffic. The owner of building occupies the majority (4574sq ft) and has 3 other tenants including national franchise Dairy Queen, Emerald Coast Beach Home Realty, and Pascali Kitchen, all lease are on the back end of their term. Owner could stay as a tenant or relocate. CAM is $34,639.35 annually. Current rent income is $248,814 annually, with owner paying well below market rent. Owner also willing to sell existing inventory if buyer wants to continue retail business. If torn down, can be built up to 3 stories. ***Owner wants to sell all 3 listings together 1200, 1688 & 2052 Scenic Gulf Dr at $18,500,000
Photos
Features
Not availableCommercial Features
| Business Only Real Estate Option: Real Estate Conveys | Retail Year Built: 1974 | Retail Building Square Footage: 7417 |
| Retail Number of Units: 4 |
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This listing provided courtesy of Emerald Coast Realty Group.
This information was last updated on 12/20/2024 10:04:03 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 2024. All rights reserved.
