Ignite FB Tracking Pixel1688 Scenic Gulf Drive, Miramar Beach, FL 32550 - Greg Watson
Teel & Waters Real Estate Company Inc
Greg Watson, Teel & Waters Real Estate Company IncPhone: (256) 682-6605
Email: [email protected]
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listing
1 of 9
CommercialFor Sale
$8,450,000
1688 Scenic Gulf Drive
Miramar Beach, FL 32550
Listed by: Emerald Coast Realty Group, (850) 235-2551
MLS: Emerald Coast MLS
Est. Mortgage
$43,717/mo

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

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Information courtesy of Emerald Coast Realty Group is subject to verification and is not guaranteed.
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