106 N Geronimo Street, Destin, FL 32550
Overview
Description
Supplements: ... (Read more) the traffic light at N. Geronimo Street and Highway 98. The current owner has committed significant capital to renovate both buildings, which even includes approximately $300,000 for new escalators to service the second floor of the main showroom. Parcel 1 contains a two-story building, oriented on ±1.18 acres, hosting prime retail and showroom space, as well as private offices, collectively measuring ±26,893 conditioned square feet. There is a 3rd floor that accommodates a spectacular executive office, accessible via a private & secured "floating" staircase. The structural integrity of the building is phenomenal, and the finishes throughout are exceptional. Parcel 2 contains a warehouse, office, and showroom, situated on ±2 acres, and constructed in 2004, measuring ±11,282 SF on two floors. The warehouse contains a broad loading dock area and massive rack system with a lift and guide rails. Both buildings project an architecturally magnificent image. This opportunity is irreplaceable locally, as land development code would neither accommodate this massive yield, nor would a developer endeavor upon such a project, as the inflationary costs of this era, coupled with land costs, (even if such prime vacant land at a traffic light were available, which is non-existent), would likely much exceed $20,000,000+. The current business is operating a record-breaking levels, year over year; thus the attributable value to this extremely prime site and assemblage is likely understated. All showings are by appointment only and require a minimum of 48+ hours advanced notice. The listing broker must accompany all showings. Financial credentials are required prior to confirmation of any showings. Please do not approach any onsite staff.
Listing Details MLS# 980821
Status Change Info
- Under Contract Date
- 2025-09-05
- Sold Date
- 2025-10-21
Contract Info
- GCCMLS Number
- 30547154
- Listing Board
- Emerald Coast
Location Tax and Legal
- Area
- 15 - Miramar/Sandestin Resort
- Street #
- 106
- Street Direction
- N
- Street Name
- Geronimo
- Street Suffix
- Street
- State
- FL
- Zip Code
- 32550
- County
- Walton
- Parcel ID
- 28-2S-21-42000-023-0031
General Property Info
- Listed on GCCMLS
- Yes
- Property Information
- Sale included the following subject property: 106 North Geronimo Street, Miramar Beach, FL 32550
- Vacant
- No
- Immediate Occupancy
- No
Retail
- Year Built
- 2004
- Building SqFt
- 11282
- # of Units
- Yes
