12500 Emerald Coast Parkway, Miramar Beach, FL 32550 (MLS# 881273)

12500 Emerald Coast Parkway, Miramar Beach, FL 32550

$2,850,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 66,647 Status: Sold

Current Price: $2,850,000 List Date: 11/22/2021 Last Modified: 10/13/2024

Overview

Description

Available: 25235sf Freestanding retail building in Destin FL located between The Destin Commons retail center and Silver Sands Outlets. This property is currently occupied by a single user and is a rare opportunity for multi tenant re-development or end user. Current lease rates in the local market range from $20-$45NNN with low vacancy rates. Florida DOT traffic counts for this property are 49,300 ADT and this property is at a controlled intersection. Building features include: 12'8'' eave height with 18' clear span, fire suppression sprinklers, three phase power, 72 tons of Air Conditioning, 73 parking spaces and current pass through expenses are $.83 per sf. Current tenant will vacate 60 days after or the The owner's are retiring and are in the process of closing.

Listing Details MLS# 881273

Status Change Info

Under Contract Date: 2021-12-07
Sold Date: 2021-12-29

Contract Info

GCCMLS Number: 30459607
Listing Board: Emerald Coast

Location Tax and Legal

Area: 15 - Miramar/Sandestin Resort
Street #: 12500
Street Name: Emerald Coast
Street Suffix: Parkway
State: FL
Zip Code: 32550
County: Walton
Parcel ID: 30-2S-21-42000-001-0011

General Property Info

Listed on GCCMLS: Yes
Vacant: No
Immediate Occupancy: Yes
Acreage: 1.53
Lot Frontage: 160
Lot Depth: 390
Zoning: Coastal Center

Income Producing

Year Built: 1994
Building SqFt: 25235

More Information

Retail

Year Built: 1994
Building SqFt: 25235
Price P/SqFt: 158.51
Expenses: 0.81
# of Units: Yes
Vacancy Rate: 0

Location, Tax and Legal

Sub Area: 1501 - Miramar Beach North
Property Name: Smith's Antique Mall
Legal Description: COM SE/C OF NE1/4 N 02 00'52E 299.88 FT TO INTER N ROW ST RD 30(200'ROW) & E LINE SEC 30 N87 47'26W ALONG ROW 16.09 FT FOR POB CONT N87 47'26W ALONG ROW 334 N02 24'37E 400 FT S87 47'26E 334 FT S02 24' 37W 400 FT TO POB OR 2026-263 OR2013-378 LESS AND EXCEPT; COM AT THE SE/C OF THE NE4 OF SECTION 30, THENCE N 02 DEG 00'52 E FOR 299.88 FT; THENCE N 87 DEG 47'26 W FOR 183.09 FT TO THE P.O.B. THENCE N

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Available: 25235sf Freestanding retail building in Destin FL located between The Destin Commons retail center and Silver Sands Outlets. This property is currently occupied by a single user and is a rare opportunity for multi tenant re-development or end user. Current lease rates in the local market range from $20-$45NNN with low vacancy rates. Florida DOT traffic counts for this property are 49,300 ADT and this property is at a controlled intersection. Building features include: 12'8'' eave height with 18' clear span, fire suppression sprinklers, three phase power, 72 tons of Air Conditioning, 73 parking spaces and current pass through expenses are $.83 per sf. Current tenant will vacate 60 days after or the The owner's are retiring and are in the process of closing.

Class

Income Producing: Yes
Retail: Yes

Construction Status

Existing: Yes

Property Features

Class: Income Producing; Retail Construction Status: Existing

Listing Office: Taylor Allen Properties LLC

Last Updated: October - 13 - 2024

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.