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    211 Main Street

    Destin, FL 32541
    • $990,000
    • STATUS: Active
    • ON SITE: 69 days
    • MLS #: 843642
    UPDATED: 117 min ago
    $990,000
    • 0
      BEDS
    • 0.72
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Available for purchase- 14,600sf of mixed use income producing property in Destin FL with tremendous upside. This property consists of two 7,000sf (+/-) buildings with 10 units on .76 acres. Building 1 is a 7,000sf former furniture store with 4500sf of showroom and 2500sf of warehouse currently leased as two separate units. Building 2 is a 7,600sf two story brick building with 8 units (1 apartment, 6 retail / office units and 1 workshop). Current gross income is $83,580 with 90% occupancy and rental rates are well below the current market, proposed rate structure should produce net rents in excess of $110k annually, with estimated operating expenses of $2.29 per sf.Centrally Located, New Roof 2018.

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    © 2020 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Beach Properties of Florida. Data last updated: 2020-06-05T08:59:46.83.
    30a.beachpropertiesfla.com/homes/104554655

    211 Main Street Destin, FL 32541

    • Price: $990,000
    • Status: Active
    • Updated: 117 min ago
    • MLS #: 843642
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.72
    Acres
    Neighborhood:
    Destin
    County:
    Okaloosa
    Area:
    Destin
    Property Description
    Available for purchase- 14,600sf of mixed use income producing property in Destin FL with tremendous upside. This property consists of two 7,000sf (+/-) buildings with 10 units on .76 acres. Building 1 is a 7,000sf former furniture store with 4500sf of showroom and 2500sf of warehouse currently leased as two separate units. Building 2 is a 7,600sf two story brick building with 8 units (1 apartment, 6 retail / office units and 1 workshop). Current gross income is $83,580 with 90% occupancy and rental rates are well below the current market, proposed rate structure should produce net rents in excess of $110k annually, with estimated operating expenses of $2.29 per sf.Centrally Located, New Roof 2018.
    Interior Features

    Income Producing Property Type Retail Retail Building Sq Ft 14600 Retail Num Units 10

    Property Features

    As Is Yes Listing Board Emerald Coast Retail Year Built 1986

    Listing courtesy of Taylor Allen Properties Llc.


    © 2020 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Beach Properties of Florida. Data last updated: 2020-06-05T08:59:46.83.
     
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    Berkshire Hathaway HomeServices Beach Properties of Florida
    28 B WaterColor Way
    WaterColor FL, 32459