838 AIRPORT Road, Destin, FL 32541 (MLS# 804025)

838 AIRPORT Road, Destin, FL 32541

$2,700,000

6J5C4859_60_61_62 (Norman Wolf's conflic

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Property Type: Commercial for Sale Lot Size (sq. ft.): 37,026 Status: Sold

Current Price: $2,700,000 List Date: 7/27/2018 Last Modified: 10/12/2024

Overview

Description

Prime commercial parcel located in Destin, Florida's industrial district, offering fantastic logistical orientation to the area's main vehicle thoroughfares and within a mile to the private airport. The approximate .84-acre site has exceptional ingress and egress, with 120' fronting Airport Road, as well as 120' to the rear on Industrial Park Road, featuring a loading dock. The site is zoned IN (Industrial) through the City of Destin, located in Okaloosa County. Measuring over 12,000+ SF and originally constructed in 2001, the building has undergone a substantial renovation to accommodate its new credit-rated tenant, Xator Corporation, a national security concern involved in global operations. The modernized interior and its layout consists of a main floor and mezzanine level...

Supplements: The main floor is comprised of a spacious lobby with two bathrooms, six offices (the largest executive office features a lavish full bath), two conference rooms, a break room, IT room, an expansive "bullpen" enjoying significant ceiling volume and accommodating adaptable cubicle configurations, serviced by a beautiful kitchen and work island. The f ... (Read more)

Listing Details MLS# 804025

Status Change Info

Under Contract Date: 2018-08-16
Sold Date: 2018-09-14

Contract Info

Listing Board: Emerald Coast

Location Tax and Legal

Area: 14 - Destin
Street #: 838
Street Name: AIRPORT
Street Suffix: Road
State: FL
Zip Code: 32541
County: Okaloosa
Parcel ID: 00-2S-22-0000-0058-0100

General Property Info

Listed on GCCMLS: No
Office Class: Class A
Vacant: No
Immediate Occupancy: No
Acreage: 0.85
Lot Frontage: 120
Lot Depth: 310
Zoning: Industrial
Future Land Use: IN (Industrial)

Income Producing

Year Built: 2001
Net Operating Income: 204000
Cap Rate: 7

More Information

Industrial

# Ground Level Doors: 2
# Dock High Doors: Yes

Location, Tax and Legal

Sub Area: 1403 - Destin Northwest
Property Name: Xator Corporation
Legal Description: Okaloosa County, Florida Parcel ID: 00-2S-22-0000-0058-0100

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Prime commercial parcel located in Destin, Florida's industrial district, offering fantastic logistical orientation to the area's main vehicle thoroughfares and within a mile to the private airport. The approximate .84-acre site has exceptional ingress and egress, with 120' fronting Airport Road, as well as 120' to the rear on Industrial Park Road, featuring a loading dock. The site is zoned IN (Industrial) through the City of Destin, located in Okaloosa County. Measuring over 12,000+ SF and originally constructed in 2001, the building has undergone a substantial renovation to accommodate its new credit-rated tenant, Xator Corporation, a national security concern involved in global operations. The modernized interior and its layout consists of a main floor and mezzanine level...

Class

Income Producing: Yes
Industrial: Yes

Construction Status

Existing: Yes

Property Features

Class: Income Producing; Industrial Construction Status: Existing

Documents

City of Destin Zoning Map ›

Listing Office: Somers & Company

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.