12555 W US HIGHWAY 98, Miramar Beach, FL 32550

$2,785,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 71,003 Status: Sold
Current Price: $2,785,000 List Date: 6/08/2016 Last Modified: 10/12/2024

Overview

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.

Listing Details MLS# 754433

Status Change Info

Under Contract Date
2016-08-30
Sold Date
2016-10-26

Contract Info

Listing Board
Emerald Coast

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

General Property Info

Listed on GCCMLS
No
Description
Hackmeyer Destin Venture, LLC
Property Information
please contact broker for further details
Vacant
No
Immediate Occupancy
No
Acreage
1.63
Lot SqFt
71003
Lot Frontage
165
Lot Depth
430
Zoning
COMMERCIAL
Future Land Use
COASTAL CENTER MIXED USE

Retail

Year Built
2004
Building SqFt
16126
Price P/SqFt
189
Net Operating Income
220000
Cap Rate
7
# of Units
4

More Information

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© 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.