2052 Scenic Gulf Dr
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2052 Scenic Gulf Dr
3,440 SF 100% Leased Retail Building Miramar Beach, FL 32550 £4,339,500 (£1,261/SF) 9.67% Net Initial Yield
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***
***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***
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
3,440 SF
Year Built
2016
Price
£4,339,500
Price Per SF
£1,261
Net Initial Yield
9.67%
NOI
£419,630
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
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
PROPERTY TAXES
| Parcel Number | 30-2S-21-42290-000-1080 | Improvements Assessment | £169,816 |
| Land Assessment | £327,959 | Total Assessment | £497,775 |
PROPERTY TAXES
Parcel Number
30-2S-21-42290-000-1080
Land Assessment
£327,959
Improvements Assessment
£169,816
Total Assessment
£497,775
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Don Janovyak -
Emerald Coast Realty Group
1 of 9
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2052 Scenic Gulf Dr
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