9
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$8,450,000
Est. payment /mo
7,417 SqFt
Active
1688 Scenic Gulf Drive Miramar Beach, FL 32550
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UPDATED:
12/30/2024 06:28 PM
Key Details
Property Type Single Family Home, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,417 sqft
Price per Sqft $1,139
MLS Listing ID 931628
Year Built 1974
Lot Size 0.450 Acres
Acres 0.45
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
Location
State FL
County Walton
Area 15 - Miramar/Sandestin Resort
Zoning Commercial
Listed by Emerald Coast Realty Group