25000sf Freestanding Building

Undisclosed Address, Miramar Beach, FL 32550
Retail-Commercial for Lease
Catylist Listing ID: 30459607
Property Subtypes: Free-Standing Building
Contiguous Space: 12,500 - 25,000 SF
Building Size (RSF): 25,235 SF
Gross Land Area: 1.53 Acres
Lease Rate: $10 PSF (Annual)
Base Monthly Rent: $20,833
Lease Types: NNN
Ceiling: 18 ft.
Last Updated: 3/27/2020

Overview / Comments

Available: 25000sf Freestanding retail building in Destin FL at a controlled intersection. This property is currently occupied by a single user and is a rare opportunity for multi tenant re-development or end user. Destin is a popular year around tourism destination with over 3.75 Million visitors per year. Current lease rates in the local market range from $20-$45NNN with low vacancy rates. Florida DOT traffic counts for this property are 49,300 ADT. Building features include: 12'8" eave height with 18' clear span, fire suppression sprinklers, three phase power, 73 parking spaces and current pass through expenses are $.83 per sf. Current tenant will vacate 60 days after closing.

Expand All Available Space

Suite: 1 25,000 SF $10 PSF (Annual) NNN
Level/Floor: 1
Space Available: 25,000 SF
Minimum Divisible: 12,500 SF
Lease Rate: $10 PSF (Annual)
$20,833 (Monthly)
Lease Type: NNN
Space Subcategory: Office Showroom, Free-Standing Store
Date Available: 7/16/2019
Space Type: Relet
Parking Spaces 72

Additional Details

Taxing Authority: Walton County
Tax ID/APN: 29-2S-21-42000-011-0010
Retail Clientele: General, Family, Tourist
Property Located Between: Destin FL and Santa Rosa Beach FL
Property Visibility: Excellent
Largest Nearby Street: Hwy 98/ Emerald Coast Pkwy
Feet of Frontage: 165
Traffic/Vehicle Count: 49,300
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 25,235 SF
Property Condition: Excellent
Year Built: 1996
Construction/Siding: Metal Siding
Total Parking Spaces: 73
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Parking Description: 73 parking spaces on asphalt surface
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Radiant
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: Coastal Center allows for retail, service, restaurants etc.
Lot Frontage: 165
Lot Depth: 385
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress


Photograph of Listing Agent

Chad Knaepple CCIM, SIOR

Taylor Allen Properties LLC Gulf Coast CMLS Member
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