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1688 Scenic Gulf Drive

Miramar Beach, FL 32550
  • $8,450,000
  • STATUS: Active
  • ON SITE: 169 Days
  • MLS #: 931628
Price Reduced
UPDATED: 24 min ago
$8,450,000
  • 0
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

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

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© 2024 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Posh Beach Realty. Vendor Member number: 28178. Data last updated: 2024-02-22T13:05:42.893.
Vendor Member #28178.
www.poshbeachrealty.com/homes/143099079
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1688 Scenic Gulf Drive Miramar Beach, FL 32550

  • Price: $8,450,000
  • Status: Active
  • On Site: 169 Days
  • Updated: 24 min ago
  • MLS #: 931628
0
Beds
0
Baths
0
½ Baths
0.45
Acres
Neighborhood:
Miramar/Sandestin Resort
County:
Walton
Area:
Miramar/Sandestin Resort
Property 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
Exterior Features

Lot Size Dimensions 200 x 98

Property Features

Business Name PARADISE FOUND New Construction YN No Property Condition Existing Zoning Commercial

Listing courtesy of Emerald Coast Realty Group: 850-235-2551.


© 2024 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Posh Beach Realty. Vendor Member number: 28178. Data last updated: 2024-02-22T13:05:42.893.
Vendor Member #28178.
 
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Posh Beach Realty
495 Grand Boulevard, Suite 206
Miramar Beach FL, 32550