1200 Scenic Gulf Dr
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1200 Scenic Gulf Dr
7,125 SF 100% Leased Retail Building Miramar Beach, FL 32550 $4,590,000 ($644/SF)
Investment Highlights
- Only commercial space for sale Scenic gulf
- Price per sq ft lower than residential
- Beach front
Executive Summary
***HUGE PRICE REDUCTION***
Scenic Gulf Dr. commercial retail space for sale! Extremely desirable and limited commercial space inside the Majestic Sun building within the Seascape Resort community. This motto floor space contains 7,125 sq ft with direct views of the Gulf of Mexico. Current rent income is over $192,000 yearly with the owner occupying 6255sq ft paying only 18sq ft. Lots of room for growth here. Owner is willing to stay for a short term, leave immediately or even sell merchandise and train new staff to operate existing retail business. National franchise Kilns occupies the other space on a new lease.
***Owner willing to sell all 3 listings together 1200 Scenic Gulf, 1688 Scenic Gulf & 2052 Scenic Gulf package deal at $18,999,999***
Scenic Gulf Dr. commercial retail space for sale! Extremely desirable and limited commercial space inside the Majestic Sun building within the Seascape Resort community. This motto floor space contains 7,125 sq ft with direct views of the Gulf of Mexico. Current rent income is over $192,000 yearly with the owner occupying 6255sq ft paying only 18sq ft. Lots of room for growth here. Owner is willing to stay for a short term, leave immediately or even sell merchandise and train new staff to operate existing retail business. National franchise Kilns occupies the other space on a new lease.
***Owner willing to sell all 3 listings together 1200 Scenic Gulf, 1688 Scenic Gulf & 2052 Scenic Gulf package deal at $18,999,999***
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
7,125 SF
Building Class
B
Year Built
1974
Price
$4,590,000
Price Per SF
$644
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Land Acres
0.50 AC
Zoning
Commercial - Retail
Frontage
200 FT on Scenic Gulf Drive
Amenities
- Raised Floor
-
Don Janovyak -
TJ Burns -
Emerald Coast Realty Group
1 of 8
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1200 Scenic Gulf Dr
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