4 Commerce Drive

Industrial for Sale
Catylist Listing ID: 30577857
Property Subtypes: Flex Space, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 9,260 SF
Gross Land Area: 0.57 - 0.85 Acres
Sale Price: $1,295,000
Unit Price: $139.85 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: 7/30/2020

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. Includes a fenced in 0.28 acre vacant parcel on the east side for additional storage and use. Complex and Commerce Drive is centrally located in Old Destin commercial zone between Azalea Drive and Mountain Drive.The listing includes the adjacent vacant lot to the east, but the building can be bought separately at a reduced price of $1,095,000. Office space is comprised of 4 units each with its own independent HVAC systems.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 00-2S-22-475B-0000-00A0
Zoning: COMMERCIAL
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 0.85 acres comprised of two parcels 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
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: 240'
Lot Depth: 160'
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

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