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12555 W US HIGHWAY 98, Miramar Beach, FL 32550

$2,785,000

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Property Type: Commercial for Sale Lot Size (sq. ft.): 71,003 Status: Sold

Current Price: $2,785,000 List Date: 6/08/2016 Last Modified: 10/12/2024

Overview

Description

Prime in-line retail plaza located in Miramar Beach fronting Highway 98 adjacent to the CVS Drugstore, joined by a contiguous parking lot and drive, and with access to a traffic light at Holiday Rd. and Hwy. 98! This shopping center exhibits a high quality, modernized image and offers a desirable site plan for the convenience of patrons, which appeals to tenants, as well as logistically offering convenience for deliveries through its rear loaded nature that is not commonly found in many plazas along Highway 98! Buyer must verify all details, income, and specifications.

Listing Details MLS# 754433

Status Change Info

Under Contract Date: 2016-08-30
Sold Date: 2016-10-26

Contract Info

Listing Board: Emerald Coast

Location Tax and Legal

Area: 15 - Miramar/Sandestin Resort
Street #: 12555
Street Direction: W
Street Name: US HIGHWAY 98
State: FL
Zip Code: 32550
County: Walton
Parcel ID: 30-2S-21-42290-000-0110

General Property Info

Listed on GCCMLS: No
Description: Hackmeyer Destin Venture, LLC
Property Information: please contact broker for further details
Vacant: No
Immediate Occupancy: No
Acreage: 1.63
Lot SqFt: 71003
Lot Frontage: 165
Lot Depth: 430
Zoning: COMMERCIAL
Future Land Use: COASTAL CENTER MIXED USE

Retail

Year Built: 2004
Building SqFt: 16126
Price P/SqFt: 189
Net Operating Income: 220000
Cap Rate: 7
# of Units: 4

More Information

Property Features

Class: Retail Construction Status: Existing

Listing Office: Somers & Company

Last Updated: October - 12 - 2024

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