220-236 Harbor Blvd - Storefront Retail/Residential FOR SALE


Destin, FL 32541
$4,995,000 USD
850-259-9732
220-236 Harbor Blvd, Destin, FL for Sale
$4,995,000 USD
Storefront Retail/Residential - FOR SALE
1/28
null | Request Cap Rate

220-236 Harbor Blvd
Destin, FL 32541


HIGHLIGHTS

  • Harbor Boulevard / Highway 98 in the Heart of Destin, Florida's Harbor District.
  • The City of Destin's zoning allows for short term rentals.
  • (10) separate deeds; each deed is comprised of (1) retail storefront space and (1) two-tory, 2-bedroom, 2.5 bath townhome.
  • The subject property is located within +/-2,000' from the Emerald Grand and its Harbor-Front, Mixed-Use Venue
  • The subject property is located directly across from one of the City of Destin's largest public parking lots.

OVERVIEW

This entire building is offered for sale, which is located on the South side of Harbor Boulevard in Destin, Florida, encompassing 10 contiguous commercial retail storefront units, each measuring ±600 SF, in addition to 10, two-story apartments, each measuring ±1,400 SF with 2 bedrooms and 2.5 baths, featuring front and rear balconies. The strategic location of the site creates exceptional synergy from patrons walking across Harbor Boulevard from one of the City of Destin's largest public parking lots, which is located on the North side of Harbor Boulevard with a pedestrian crossing directing visitors to the retail storefronts of this subject venue, known as Harbor Village. The entire building has been renovated. The site contains nearly 1 acre, ±220' of Highway 98 (aka, Harbor Boulevard) frontage, and a total of 56 parking spaces. Each of the 10 separate deeds include 1 commercial retail storefront and 1 residential apartment atop the commercial space, both offering independent access, thus allowing for two different tenants in each of the units; in other words, the building in entirety could host 20 different tenants. The City of Destin zoning is known as South Harbor Mixed Use (SHMU). Please refer to the zoning fact sheet that is uploaded to this listing. Please inquire for further information and to coordinate a private showing.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$237 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harbor Village

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

South Harbor Mixed Use

APN/PARCEL ID

00-2S-22-0636-0000-00CA

ASK ABOUT THIS PROPERTY

John Paul SomersSomers & CompanyMore Info
850-259-9732

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John Paul SomersSomers & CompanyMore Info
850-259-9732

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.