This Property is no longer advertised on Showcase.com.
Off Market
1/8

211 Main St
Destin, FL 32541


HIGHLIGHTS

  • Centrally Located
  • New Roof 2018
  • Value Add Project

OVERVIEW

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.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

14600

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

-

LAND SF

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ZONING

-

APN/PARCEL ID

00-2S-22-1350-000A-0060