$1,400,000
Miramar Beach, FL 32550
MLS# 1000622
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Property Description
Prime Industrial/Flex Opportunity Discover a versatile and high-yield investment at 221 Business Centre. This expansive 5,450 sq. ft. industrial/flex property is strategically situated in one of the most sought-after commercial pockets between Destin and Sandestin, offering unparalleled access to Highway 98 and the Scenic Gulf Drive areas. The Property Total Square Footage: 5,450 sq. ft. (4,000 sq. ft. primary structure + 1,450 sq. ft. rear addition). Warehouse Features: The facility boasts three 14-foot overhead doors, providing effortless access for large equipment, vehicles, or distribution needs. Bonus Storage: An insulated storage container is located on-site, perfect for climate-sensitive inventory or specialized equipment.
Details
Contract Info
GCCMLS Number: 999999
Listing Board: Emerald Coast
List Date: 2026-04-07
List Price: $1,400,000
Location, Tax and Legal
Sub Area: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
Legal Description: LOT 9 EMERALD COAST BUSINESS CENTER PB 17-98 OR 2763-393 OR 3002-4984 OR 3190-1108 OR 3324-4223 OR 3365-1180
General Property Info
Listed on GCCMLS: Yes
Vacant: No
Immediate Occupancy: Yes
Acreage: 0.32
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: Prime Industrial/Flex Opportunity
Discover a versatile and high-yield investment at 221 Business Centre. This expansive 5,450 sq. ft. industrial/flex property is strategically situated in one of the most sought-after commercial pockets between Destin and Sandestin, offering unparalleled access to Highway 98 and the Scenic Gulf Drive areas.
The Property
Total Square Footage: 5,450 sq. ft. (4,000 sq. ft. primary structure + 1,450 sq. ft. rear addition).
Warehouse Features: The facility boasts three 14-foot overhead doors, providing effortless access for large equipment, vehicles, or distribution needs.
Bonus Storage: An insulated storage container is located on-site, perfect for climate-sensitive inventory or specialized equipment.
Class
Income Producing: 1
Industrial: 1
Other: 1
Industrial
Property Type: Flex Space
Income Producing
Property Type: Industrial
Other
# of Units: 2
None
Current Price: $1,400,000
Status Change Info
Status: Active
Location Tax and Legal
Area: 15 - Miramar/Sandestin Resort
Street #: 221
Street Name: Business Centre
Street Suffix: Drive
State: FL
Zip Code: 32550
County: Walton
Parcel ID: 29-2S-21-42100-000-0090
Property Features
Class: Income Producing; Industrial; Other
Supplements
Residential Component: A unique upstairs apartment features a full kitchen and bathroom, offering an on-site living option for an owner-operator or an additional stream of rental income.
Professional Space: The layout includes multiple well-appointed offices, balancing industrial utility with administrative comfort.
Income & Versatility
This property is a proven producer designed for maximum flexibility. Whether you are looking for a corporate headquarters or a multi-tenant income play, the configuration allows for easy subdivision.
Current Revenue: Side A is successfully leased at $4,000/month.
Pro Forma Potential: Side B and the rear storage area are currently vacant, with the potential to command an additional $5,000/month.
Full Occupancy Projection: Total gross monthly income is estimated at $9,000 when fully stabilized.
Location Advantage
Positioned in the heart of the Miramar Beach commercial corridor, this location serves the high-density markets of both Destin and Sandestin. Its proximity to luxury developments and the tourist-heavy Scenic Gulf Drive makes it an ideal hub for service providers, wholesalers, or luxury storage.
Don't miss this rare opportunity to acquire a high-cap-rate asset in a supply-constrained market.
Listing Office: EXP Realty LLC
Last Updated: April - 14 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
