1688 Scenic Gulf Dr, MIRAMAR BEACH

$8,450,000

0 Beds
0 Baths
19,602 Sqft
.45 Acres
0 Garages

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

Essential Information
MLS® #931628
Price$8,450,000
Square Footage19,602
Acres0.45
TypeCommercial Sales
StatusActive
Community Information
Address1688 Scenic Gulf Dr
AreaMiramar/Sandestin Resort
CityMIRAMAR BEACH
CountyWALTON
StateFL
Zip Code32550
Exterior
Lot Description200 x 98
Additional Information
Days on Website234
ZoningCommercial
Listing Details
OfficeEmerald Coast Realty Group
Property History
Price Reduced from $8,650,000 to $8,450,000
Price Reduced from $8,750,000 to $8,650,000
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Listing information last updated on April 27th, 2024 at 12:45am CDT.