$2,785,000
Miramar Beach, FL 32550
MLS# 754433
Status: Sold
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Property Description
Prime in-line retail plaza located in Miramar Beach fronting Highway 98 adjacent to the CVS Drugstore, joined by a contiguous parking lot and drive, and with access to a traffic light at Holiday Rd. and Hwy. 98! This shopping center exhibits a high quality, modernized image and offers a desirable site plan for the convenience of patrons, which appeals to tenants, as well as logistically offering convenience for deliveries through its rear loaded nature that is not commonly found in many plazas along Highway 98! Buyer must verify all details, income, and specifications.
Details
Contract Info
Listing Board: Emerald Coast
List Date: 2016-06-08
List Price: $3,050,000
Location, Tax and Legal
Sub Area: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
Property Name: North Beach Shopping Centre
Legal Description: LOT 11 S/D OF SE1/4 SEC 30-2S-21 OR 109-107 OR 2266-125 AND ALSO: BEG NW/C OF GOVT LOT 11, N 00 DEG 00'00'' E ALONG NLY EXT OF W LINE 100 FT TO S R/W LINE OF US HWY 98, S 89 DEG 54'03'' E ALONG R/W LINE 164.73 FT TO ITS INT WITH NLY EXT OF E LINE OF LOT 11, DEPARTING R/W LINE S 00 DEG 02'00'' E ALONG EXT TO NE/C OF LOT 11, N 89 DEG 54'03'' W ALONG N BDRY LINE OF LOT 11 164.79 FT TO POB. OR 2266-12
General Property Info
Listed on GCCMLS: No
Description: Hackmeyer Destin Venture, LLC
Property Information: please contact broker for further details
Vacant: No
Lot SqFt: 71003
Immediate Occupancy: No
Lot Depth: 430
Zoning: COMMERCIAL
Lot Frontage: 165
Future Land Use: COASTAL CENTER MIXED USE
Acreage: 1.63
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: Prime in-line retail plaza located in Miramar Beach fronting Highway 98 adjacent to the CVS Drugstore, joined by a contiguous parking lot and drive, and with access to a traffic light at Holiday Rd. and Hwy. 98! This shopping center exhibits a high quality, modernized image and offers a desirable site plan for the convenience of patrons, which appeals to tenants, as well as logistically offering convenience for deliveries through its rear loaded nature that is not commonly found in many plazas along Highway 98! Buyer must verify all details, income, and specifications.
Class
Retail: 1
Construction Status
Existing: 1
Retail
Property Type: Strip Center
Year Built: 2004
Building SqFt: 16126
Price P/SqFt: 189
Net Operating Income: 220000
Cap Rate: 7
# of Units: 4
None
Current Price: $2,785,000
Status Change Info
Status: Sold
Under Contract Date: 2016-08-30
Sold Date: 2016-10-26
Sold Price: $2,785,000
Location Tax and Legal
Area: 15 - Miramar/Sandestin Resort
Street #: 12555
Street Direction: W
Street Name: US HIGHWAY 98
State: FL
Zip Code: 32550
County: Walton
Parcel ID: 30-2S-21-42290-000-0110
Property Features
Class: Retail
Construction Status: Existing
Listing Office: Somers & Company
Last Updated: October - 12 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
