About 1688 Scenic Gulf Dr
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
Features of 1688 Scenic Gulf Dr
| MLS® # | 931628 |
|---|---|
| Price | $8,450,000 |
| Square Footage | 19,602 |
| Acres | 0.45 |
| Type | Commercial Sales |
| Status | Active |
Community Information
| Address | 1688 Scenic Gulf Dr |
|---|---|
| Area | Miramar/Sandestin Resort |
| City | MIRAMAR BEACH |
| County | WALTON |
| State | FL |
| Zip Code | 32550 |
Amenities
| Is Waterfront | No |
|---|
Exterior
| Lot Description | 200 x 98 |
|---|
Additional Information
| Zoning | Commercial |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Emerald Coast Realty Group |
|---|