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Bryan Fangman

bryan@precisionapproachrealty.com +1(407) 358-6996

$ 3,900,000

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36070 Emerald Coast Pkwy Destin, FL

10,274 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 10,274 sqft

Price per Sqft $379

MLS Listing ID B26044362

HOA Y/N No

Year Built 2003

Annual Tax Amount $17,135

Tax Year 2025

Lot Size 0.570 Acres

Acres 0.57

Property Sub-Type Retail

Property Description

PERFECT FOR 1031 BUYER! Exceptional Single-Tenant Retail investment leased to Coastal Carpet & Tile Carpet One Floor & Home, a TOP RANKING flooring and kitchen Retailer serving Destin since 1999. The Company sales is $3M+ per year. The investment provides stable in-place cash flow in a growing market. Located right on US-98 with incredible visibility the building is less then a mile from Publix, Walmart, and other national Retailers. Built in 2003, and roof was resealed in 2024. Absolute NNN Tenant, $288,000 annual income in-place today, offered at a 7% cap rate = $4.1M. Seller reviewing all offers and motivated.

Location

State FL

County Okaloosa

Community Shopping

Area 5940 - Other Florida County

Zoning CG

Interior

Interior Features InteriorFeatures

Heating Central

Cooling Central Air

Flooring Tile

Fireplace No

Exterior

Parking Features Accessible Parking

Community Features Shopping

Utilities Available Electricity Connected, Water Connected

Water Access Desc Public

Roof Type Concrete

Street Surface Paved

Accessibility Accessibility Features

Road Frontage City Street

Total Parking Spaces 13

Building

Lot Description Interior Lot

Dwelling Type Retail

Story 2

Foundation Block

Sewer Public Sewer, Private Sewer

Water Public

Structure Type Concrete,Stucco

Others

Tax ID 002s22238000000090

Security Features Fire Alarm,Fire Sprinkler System,Security Lights

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Trade

Listing Terms Cash, Conventional, 1031 Exchange, FHA, Trade

Special Listing Condition Real Estate Owned

Virtual Tour https://www.propertypanorama.com/36070-Emerald-Coast-Parkway-Destin-FL/unbranded

Listed by Lielle Sosa Levy Realty Advisors LLC

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NEARBY SCHOOLS & PROPERTIES

Bryan Fangman

Broker / Owner | License ID: BK679904

+1(407) 358-6996

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Bryan Fangman

36070 Emerald Coast Pkwy Destin, FL

Key Details

Location

Interior

Exterior

Building

Others

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36070 Emerald Coast Pkwy