Search Results -> 14,500 Sf Mixed Use Income Property, Destin

14,500 Sf Mixed Use Income Property, Destin 32541 (Pending)

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Listing Information

Property Type: Commercial Sale

MLS #:	937982	Price:	$2,500,000.00	Year Built:	1986
Square Feet:	14600	Bedrooms:	Not available	Bathrooms:	Not available
HOA Fees:	Not available	Lot Size:	0.72 acres	Lot Dimensions:	100 x 315

Subdivision: Not available

Description:

VALUE ADD OPPORTUNITY ~ Available for purchase ~ 14,500 SF mixed use income producing property. This property consists of two 7,000 SF (+/-) buildings with 12 units on .72 acres. The front building is 5000 SF office / retail space with an adjacent 2,000 SF warehouse. The rear building is 7,500 SF two story brick building with 10 units (5 up/ 5 down) consisting of 3 residential 1 bedroom apartments, 2 office units and 5 retail units. This property is centrally located in Destin along Main Street just north of the Post Office and the new Publix Shopping Center. This property has many leases under market value and with the addition of Publix nearby, I feel rents will be climbing well into the future. Parking lot will be resurfaced very soon.

Photos

Features

Not available

Commercial Features

Income-Producing Building Square Footage: 14500
Income-Producing Annual Gross Income: 232138	Income-Producing Expenses: 56760
Income-Producing Net Operating Income: 175378	Income-Producing Cap Rate: 7
Income-Producing Property Type: Other (See Remarks)	Multi-Family Number of Units: 12
Office Year Built: 1986	Office Building Square Footage: 14600	Office Number of Units: 10	Retail Number of Units: 10

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This listing provided courtesy of Taylor Allen Properties LLC.
This information was last updated on 11/20/2024 4:05:41 AM.

All information in this listing is approximate. Buyers are expected to verify any specific information prior to signing any contract. Neither Brandon Jordan, ERA American Real Estate, ECAR, nor any other Realtor is liable for any inaccuracies herein.
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