- Price$8,450,000
- SQ. Feet19,602
- Acres0.45
1688 Scenic Gulf Dr, MIRAMAR BEACH
HUGE PRICE IMPROVEMENT! Free Standing Building. Highly desirable retail location across the road from the Gulf of Mexico. Tremendous resort visitor traffic. The owner of building occupies the majority (4574sq ft) and has 3 other tenants including national franchise Dairy Queen, Emerald Coast Beach Home Realty, and Pascali Kitchen, all lease are on the back end of their term. Owner could stay as a tenant or relocate. CAM is $34,639.35 annually. Current rent income is $248,814 annually, with owner paying well below market rent. Owner also willing to sell existing inventory if buyer wants to continue retail business. If torn down, can be built up to 3 stories. ***Owner wants to sell all 3 listings together 1200, 1688 & 2052 Scenic Gulf Dr at $18,500,000
Essential Information
- MLS® #931628
- Price$8,450,000
- Square Footage19,602
- Acres0.45
- TypeCommercial Sales
- StatusActive
Exterior
- Lot Description200 x 98
Listing Details
- Listing OfficeEmerald Coast Realty Group
Community Information
- Address1688 Scenic Gulf Dr
- AreaMiramar/Sandestin Resort
- CityMIRAMAR BEACH
- CountyWALTON
- StateFL
- Zip Code32550
Additional Information
- Days on Website343
- ZoningCommercial
Price Change History for 1688 Scenic Gulf Dr, MIRAMAR BEACH, FL (MLS® #931628)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $8,450,000 | $200,000 (2.31%) | |
| Price Reduced (from $8,750,000) | $8,650,000 | $100,000 (1.14%) |
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2024, All rights reserved.