Active
1688 Scenic Gulf Drive
Miramar Beach FL, 32550
$8,450,000
Active
Commercial
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
931628
MLSⓇ ID
December 20, 2023
Listed
August 26, 2024
Updated
Map
1688 Scenic Gulf Drive
Miramar Beach FL, 32550
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.45 Acres
Other Property Details
Area Name
15 - Miramar/Sandestin Resort
Days on Market
300
Garage
No
View
No
County
Walton
Pool
No
Zoning
Commercial
Listing History
Date | Event | Price |
---|---|---|
2/9/2024 | Price change | $8,450,000 -3% |
Courtesy of Emerald Coast Realty Group, Donald T Janovyak,
Listing Contact: 850-866-1999
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Data last updated 1:53 PM UTC, 8/26/2024