12272 US Highway 98 W
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12272 US Highway 98 W
3,860 SF Office Building Miramar Beach, FL 32550 $2,699,000 ($699/SF)
Executive Summary
Freestanding Building in Miramar Beach, FL with Expansion Potential
Welcome to this prime commercial property in Miramar Beach, Florida, situated on over 1 acre of land. This versatile building presents a unique income-producing opportunity, ideal for an owner-user looking to occupy the first floor while retaining a long-term tenant, Causeway Coffee, on the second floor. This Listing is for the front building and current parking.
The approx 0.5 acres behind the building can be purchased for an additional $550K if purchased along with the front building. If purchaser wants to purchase the front building only, the closing will be subject to the property going through the subdivision process with Walton County. The acreage listed is only an approximate and will be finalized once the subdivision process has been completed.
Click on following link for virtual tour of the building:
https://tour.pivo.app/view/68be7b34-f5d2-493b-873e-a1c07940e7a2
Key Features:
Location: Located in the vibrant community of Miramar Beach, Florida, known for its tourism and commercial activities.
Size: Nearly 5,000 ft of existing building footprint with potential for an additional 8,000 sq ft of improvements, perfect for expanding current operations.
Tenancy: Secure income stream with Causeway Coffee occupying the second floor with a long-term lease.
Expansion Potential: Opportunity to expand the building to meet growing business needs or lease out additional space on 8,000 ft expansion. See attachments for potential layouts for expansion
Versatility: Suitable for various uses including retail, office, or mixed-use development.
Welcome to this prime commercial property in Miramar Beach, Florida, situated on over 1 acre of land. This versatile building presents a unique income-producing opportunity, ideal for an owner-user looking to occupy the first floor while retaining a long-term tenant, Causeway Coffee, on the second floor. This Listing is for the front building and current parking.
The approx 0.5 acres behind the building can be purchased for an additional $550K if purchased along with the front building. If purchaser wants to purchase the front building only, the closing will be subject to the property going through the subdivision process with Walton County. The acreage listed is only an approximate and will be finalized once the subdivision process has been completed.
Click on following link for virtual tour of the building:
https://tour.pivo.app/view/68be7b34-f5d2-493b-873e-a1c07940e7a2
Key Features:
Location: Located in the vibrant community of Miramar Beach, Florida, known for its tourism and commercial activities.
Size: Nearly 5,000 ft of existing building footprint with potential for an additional 8,000 sq ft of improvements, perfect for expanding current operations.
Tenancy: Secure income stream with Causeway Coffee occupying the second floor with a long-term lease.
Expansion Potential: Opportunity to expand the building to meet growing business needs or lease out additional space on 8,000 ft expansion. See attachments for potential layouts for expansion
Versatility: Suitable for various uses including retail, office, or mixed-use development.
Data Room Click Here to Access
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Building Size
3,860 SF
Building Class
A
Year Built/Renovated
2015/2020
Price
$2,699,000
Price Per SF
$699
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,930 SF
Building FAR
0.07
Lot Size
1.23 AC
Zoning
HWY 98
Parking
26 Spaces (6.74 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 29-2S-21-42000-011-0012 | Improvements Assessment | $654,705 (2023) |
| Land Assessment | $1,008,000 (2023) | Total Assessment | $1,662,705 (2023) |
PROPERTY TAXES
Parcel Number
29-2S-21-42000-011-0012
Land Assessment
$1,008,000 (2023)
Improvements Assessment
$654,705 (2023)
Total Assessment
$1,662,705 (2023)
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12272 US Highway 98 W
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