Miramar Beach, FL 32550,12607 W US HIGHWAY 98  #East Parcel

$2,500,000

$2,500,000

Est.Price: ?

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Est. payment /mo

1.8 Acres Lot


SOLD DATE : 08/01/2016

Key Details

Sold Price $2,500,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 724028

Sold Date 08/01/16

Lot Size 1.800 Acres

Acres 1.8

Property Description

165 foot frontage on this 1.8 acre site on Highway 98 ideally situated between Destin and Sandestin Resort, with traffic counts of approximately 50,000 per day. Five income producing units with solid tenants and gross income of $140,000. There are three buildings on this parcel one has a total area of 7,900 square feet, another with 4,950 square feet of total area and one with 3,125 square feet of total area. This is part of 6.69 acre site which is also available. Previous development order for the entire 6.89 parcel allowed for 175,000 square feet of retail and commercial. Suitable for hotel/motel, multifamily and residential.

Location

State FL

County Walton

Area 15 - Miramar/Sandestin Resort

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Listed by RE/MAX Coastal Properties
Bought with RE/MAX Coastal Properties
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