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2052 Scenic Gulf Dr

3,440 SF 100% Leased Retail Building Miramar Beach, FL 32550 $7,725,740 CAD ($2,246 CAD/SF) 9.67% Cap Rate

Storefront Properties Florida Miramar Beach 2052 Scenic Gulf Dr, Miramar Beach, FL 32550

Investment Highlights

  • Can build apartments on top
  • Price per sq ft lower than residential
  • Across from beach

Executive Summary

**Owner now willing to sell building separately** Free standing building, 3,440 sq ft. Highly desirable retail location across the road from the beaches of the Gulf of Mexico. Tremendous resort beach visitor traffic. Happy Beach Life occupies 1720 sq ft of the building. Frozen Dunes, tenant, has 860 sq ft. on an older lease. Emerald coast cruiser occupies 860 sq ft on a brand new lease. CAM is $19,691 annually. Current rent income is $313,860 annually. Able to build apartments on top of commercial space.
***Owner willing to sell all 3 listings together 1200 Scenic Gulf, 1688 Scenic Gulf & 2052 Scenic Gulf as a package deal for only $18,999,999***

Attachments

Scenic Gulf Drive 4-23-24-1

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront
Building Size
3,440 SF
Year Built
2016
Price
$7,725,740 CAD
Price Per SF
$2,246 CAD
Cap Rate
9.67%
NOI
$747,079 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Land Acres
0.37 AC
Zoning
Commercial - Retail
Parking
14 Spaces (4.07 Spaces per 1,000 SF Leased)
Frontage
105 ft on Scenic Hwy 98

Amenities

  • Monument Signage
1 of 1

PROPERTY TAXES

Parcel Number 30-2S-21-42290-000-1080 Improvements Assessment $302,699 CAD
Land Assessment $584,590 CAD Total Assessment $887,289 CAD

PROPERTY TAXES

Parcel Number
30-2S-21-42290-000-1080
Land Assessment
$584,590 CAD
Improvements Assessment
$302,699 CAD
Total Assessment
$887,289 CAD
(850) 235-2551

  • Listing ID: 28440646

  • Date on Market: 2023-05-09

  • Last Updated:

  • Address: 2052 Scenic Gulf Dr, Miramar Beach, FL 32550

The Retail Property at 2052 Scenic Gulf Dr, Miramar Beach, FL 32550 is currently available For Sale. Contact Emerald Coast Realty Group for more information.

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2052 Scenic Gulf Dr
(850) 235-2551 x

2052 Scenic Gulf Dr

Don Janovyak

(850) 235-2551

(850) 235-2551

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