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

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.