Active

1688 Scenic Gulf Drive

Miramar Beach FL, 32550

$8,450,000


Active

Commercial

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

931628

MLS ID

December 20, 2023

Listed

May 9, 2024

Updated

Map

1688 Scenic Gulf Drive
Miramar Beach FL, 32550

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.45 Acres

Other Property Details

Area Name

15 - Miramar/Sandestin Resort


Days on Market

130


Garage

No


View

No


County

Walton


Pool

No


Zoning

Commercial

Listing History

Date

Event

Price

2/9/2024

Price Change

$8,450,000

-3%

Courtesy of Emerald Coast Realty Group, Donald T Janovyak,
Listing Contact: 850-866-1999 

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Christopher Harper shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 1:27 PM UTC, 5/9/2024

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