FORMER GOLDEN CORRAL - DESTIN, FLORIDA

Retail-Commercial for Sale
Catylist Listing ID: 30171180
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 9,776 SF
Gross Building Area: See Agent
Gross Land Area: 2.24 Acres
Sale Price: $3,000,000
Unit Price: $306.87 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Former Golden Corral Restaurant
Usable Size (USF): 9,989 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/20/2017

Overview / Comments

Exiting freestanding restaurant/retail building renovated in 2014 with 9,776 SF and seating for 338 zoned Town Center Mixed Use (TCMU) which allows restaurant/bar, grocery, gasoline, department stores & other retail, office, seasonal & permanent multi-family, hotel/motel, fitness centers, & more. There are 135 parking spaces on 2.24 acres with 144' on Hwy 98 plus a sign and ingress/egress easement. Destin is a drive-to tourist destination that swells from a local population of 12-13,000 to 150,000 during the summer with a total of 4.5 million visitors annually. Traffic count is 49,500 daily. The current tenant has already vacated so this site is ready for go to be ready for the 2018 season.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Taxing Authority: Okaloosa County, Florida
Tax ID/APN: 00-2S-22-0000-0012-0010
Zoning: TCMU - TOWN CENTER MIXED USE
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Main Street and Beach Drive - CVS and Circle K
Property Visibility: Excellent
Largest Nearby Street: Highway 98 East
Feet of Frontage: 144
Highway Access: Directly on Highway 98 East - aka Harbor Blvd.
Airports: Destin and Destin-Fort Walton Beach Regional Airport
Site Description: 2.24 acres with 135 parking spaces fronting Highway 98 East with 49,500 traffic count per day
Area Description: Destin, Florida - Current populaton is 12-13,000 but swells to 150,000 during the summer season
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 9,776 SF
Property Condition: Excellent
Year Built: 1998
Year Renovated: 2014
Roof Type: Flat
Total Parking Spaces: 135
Parking Description: asphalt pavement on ground level - striped for 135 spaces of which 5 are for handicap
Zoning Description: TCMU - Town Center Mixed Use
Lot Frontage: 144
Lot Depth: 426
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Other
Easements Description: Comes with an Ingress/Egress Easement Plus a Signage Easement
Land Ownership: Fee Simple
Legal Description: Lengthy Legal - see Property Appraisers site or call listing agent

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,034 12,616 23,071
Median Age: 40.12 40.95 40.75
Households: 4,241 5,459 9,753

Contact

Photograph of Listing Agent

Mary Anne Windes, CCIM

Real Estate Professionals of NW FLA, Inc. Gulf Coast CMLS Member
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