4 Commerce Drive

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30577857
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Light Industrial, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 9,260 SF
Gross Land Area: 0.57 Acres
Sale Price: $995,000
Unit Price: $107.45 PSF
Ceiling: 20 ft. / 18 ft. Clear
Docks/Doors: 1 Dock, 5 Doors
Property Use Type: Investment, Business
Building Name: Himes Signs
Usable Size (USF): 9,260 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2021

Overview / Comments

Long standing industrial complex with 2364 sq ft of office space and 6036 sq ft of warehouse and industrial work space. Total of 8,400 sq ft of space under-roof. A brand new roof with double insulation installed in late 2019. A fenced in 0.28 acre vacant parcel on the east side for additional storage and use is also available separately for $350k. Complex and Commerce Drive is centrally located in Old Destin commercial zone between Azalea Drive and Mountain Drive. The office space is divided into 4 units, each with its own HVAC system. RE Taxes $3352.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Taxing Authority: Okaloosa County
Tax ID/APN: 00-2S-22-475B-0000-00A0
Property Located Between: Azalea Drive and Mountain Drive
Highway Access: Two blocks to Hwy 98
Airports: Destin Private Airport and Destin Fort Walton Beach Regional Airport
Site Description: The complex site sits on 0.57 acres comprised in the industrial area of old Destin on Commerce Drive.
Area Description: The first true commercial zone in Destin between Mountain and Azalea Drvies.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1986
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Metal Siding
Exterior Description: Metal siding building with loading ramp and three roll-up industrial loading doors.
Parking Type: Surface
Parking Description: Asphalt surface
Total Parking Spaces: 22
Eave Height: 18
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Internet Access: Cable
Interior Description: Concrete floor with carpet in office area.
Zoning Description: Commercial and light industrial
Lot Frontage: 160'
Lot Depth: 155'
Water Service: Municipal
Sewer Type: Septic
Easements: Utilities
Land Ownership: Fee simple
Legal Description: BLUE GULF S/D LOT A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,728 10,691 22,885
Median Age: 40.81 39.82 40.36
Households: 2,516 4,580 9,655


Photograph of Listing Agent

Jim Ball

Century 21 Blue Marlin Pelican
Gulf Coast CMLS Member
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