Property
Beds
None
Full Baths
0
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
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
Features & Amenities
Interior
-
Bathrooms
0
Area & Lot
-
Lot Dimensions
200 x 98
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Property Type
E
-
Property Class
Commercial
Exterior
-
Garage
No
Financial
-
Sales Price
$8,450,000
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Zoning
Commercial
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Location
County
Walton
Listing Courtesy of Donald T Janovyak , Emerald Coast Realty Group
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