36468 Emerald Coast Parkway, Destin, FL 32541 (MLS# 808844)

36468 Emerald Coast Parkway, Destin, FL 32541

$3,300,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 196,020 Status: Sold

Current Price: $3,300,000 List Date: 10/10/2018 Last Modified: 10/12/2024

Overview

Description

Prime Destin location.Situated on 4.5 acres with 300' on Emerald Coast Parkway. Old South Centre is comprised of 8 one and two-story buildings with 19 offices ranging from 1,000-5,508 square feet. Beautifully designed and easily accessible, this collection of CLASS A office space attracts high quality tenants and commands the highest rents. Currently, Old South Centre is leased, providing stable income with limited near-term rollover risk. The community perfectly combines great visibility with parking and convenience. Situated in Okaloosa County near the Walton County line, Old South Centre is strategically placed on Highway 98 within minutes of the area's most sought-after resources and attractions.

Listing Details MLS# 808844

Status Change Info

Under Contract Date: 2018-10-09
Sold Date: 2018-10-17

Contract Info

Listing Board: Emerald Coast

Location Tax and Legal

Area: 14 - Destin
Street #: 36468
Street Name: Emerald Coast
Street Suffix: Parkway
State: FL
Zip Code: 32541
County: Okaloosa
Parcel ID: 00-2S-22-1945-0000-0010

General Property Info

Listed on GCCMLS: Yes
Vacant: No
Immediate Occupancy: No
Acreage: 4.5
Zoning: Commercial
Future Land Use: Commercial Mixed Use

Income Producing

Year Built: 1997
Building SqFt: 33400
Price P/SqFt: 114
Annual Gross Income: 496444
Expenses: 182422
Net Operating Income: 314025
Cash Flow: 314025
Cap Rate: 8.2

More Information

Property Features

Class: Income Producing Construction Status: Existing

Listing Office: NBI Properties Inc

Last Updated: October - 12 - 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.