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MLS # 931628 | $8,450,000

Miramar Beach Real Estate


Overview

  • Bedrooms: 0
  • Full Baths:
  • Half Baths:
  • Square Footage: 0
  • Built: N/A
  • Acreage: 0.45

Location

  • 1688 Scenic Gulf Drive
    Miramar Beach, FL 32550
    See On Map
  • County: Walton
  • Area: 15 - Miramar/Sandestin Resort
  • Sub Area: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
  • Subdivision:

HIGHLIGHTS

Property Type, Commercial Sales


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

DIRECTIONS

Driving Directions: Going East on US Hwy 98 in Miramar Beach turn right on Holiday Rd and travel several blocks South toward the beaches of the Gulf of Mexico to the intersection at Scenic Gulf Drive. Turn left at the intersection and proceed East to 1688 Scenic Gulf Dr. The

Listed by Emerald Coast Realty Group | Updated 10/12/2024 21:42:43
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