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$ 2,995,000
Est. payment /mo
Price Dropped by $254K
12272 Us Highway 98 Destin, FL 32550
UPDATED:
Key Details
Property Type Single Family Home, Commercial
Sub Type Low Rise
Listing Status Active
Purchase Type For Sale
Square Footage 3,860 sqft
Price per Sqft $775
MLS Listing ID 955342
Year Built 2015
Lot Size 1.160 Acres
Acres 1.16
Property Sub-Type Low Rise
Property Description
Freestanding Building in Miramar Beach, FL with 8,300 ft Expansion Potential!! Investors take note!!! 7% cap rate with long term leases on current building!!!Welcome to this prime commercial property in Miramar Beach, Florida, 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. Key Features: Location: Located in the 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 8,300 sq ft of improvements. Click here for a virtual tour of the building:https://tour.pivo.app/view/68be7b34-f5d2-493b-873e-a1c07940e7a2
Location
State FL
County Walton
Area 15 - Miramar/Sandestin Resort
Listed by EXP Realty LLC