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$4,114,286

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10,274 SqFt

New

36070 Emerald Coast Pkwy Destin, FL

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Autumn Hoffmann

autumnsellsparadise@gmail.com +1(239) 850-9070

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 10,274 sqft

Price per Sqft $400

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

Presenting an exceptional single-tenant retail investment leased to Coastal Carpet & Tile Carpet One Floor & Home, a well-established flooring and kitchen & bath retailer serving Florida's Emerald Coast since 1999. Recently celebrating its 25th anniversary, the company benefits from the purchasing power and brand recognition, one of North America's largest flooring cooperatives. The investment provides stable in-place cash flow and is supported by continued market growth, tourism, demand, and ongoing residential and commercial development throughout the Destin market. New build, 2003, and roof was resealed in 2024. Absolute NNN Tenant, $288,000 in-place rent today, offered at a 7% cap rate = $4.1M

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

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

NEARBY SCHOOL & BUSINESS

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Autumn Hoffmann

Agent | License ID: SL3341539

+1(239) 850-9070

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36070 Emerald Coast Pkwy Destin, FL

Autumn Hoffmann

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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36070 Emerald Coast Pkwy