Listing ID884792
Price$5,925,000
StatusActive
CountyOkaloosa
Property TypeCommercial Sale
CONVERT TO SHORT TERM RENTALS TO OPTIMIZE INCOME! Currently, the LONG-TERM RENTALS in place ARE PRODUCING OVER $24,000.00/MONTHLY, GROSS! This entire building is offered for sale, which is located on the South side of Harbor Boulevard in Destin, Florida, encompassing (10) contiguous commercial retail storefront units, each measuring +/-600 SF, in addition to (10) two-story apartments, each measuring +/-1,400 SF with 2 bedrooms and 2.5 baths, featuring front and rear balconies. The strategic location of the site creates exceptional synergy from patrons walking across Harbor Boulevard from one of the City of Destin's largest public parking lots, which is located on the North side of Harbor Boulevard with a pedestrian crossing directing visitors to the retail storefronts of this... subject venue, known as Harbor Village. The entire building has been renovated and is 100% occupied. The site contains nearly 1-acre, approximately 220' of Highway 98 (aka, Harbor...Boulevard) frontage, and a total of (56) parking spaces. Each of the (10) separate deeds include (1) commercial retail storefront and (1) residential apartment atop the commercial space, both offering independent access, thus allowing for two different tenants in each of the units; in other words, the building in entirety could host (20) different tenants. The City of Destin zoning is known as South Harbor Mixed Use (SHMU). Please refer to the zoning fact sheet that is uploaded to this listing. Please inquire for further information and to coordinate a private showing.
© 2022 Emerald Coast Association of REALTORS®, Inc. (ECARMLS). The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but is not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: Tuesday, December 6th, 2022 07:13:45 PM. Listing courtesy of Somers & Company.
#IDX-primaryPhoto,#idx-details-headerListed by: Somers & Company (850) 654-7777

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