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- LoopNet Team
211 Main St
Destin, FL 32541
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Centrally Located
- Value Add Project
- New Roof 2018
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
ABOUT 211 MAIN ST , DESTIN, FL 32541
Available for purchase- 14,600sf of mixed use income producing property in Destin FL with tremendous upside. This property consists of two 7,000sf (+/-) buildings with 10 units on .76 acres. Building 1 is a 7,000sf former furniture store with 4500sf of showroom and 2500sf of warehouse currently leased as two separate units. Building 2 is a 7,600sf two story brick building with 8 units (1 apartment, 6 retail / office units and 1 workshop). Current gross income is $83,580 with 90% occupancy and rental rates are well below the current market, proposed rate structure should produce net rents in excess of $110k annually, with estimated operating expenses of $2.29 per sf.
PROPERTY TAXES
| Parcel Number | 00-2S-22-1350-000A-0060 | Improvements Assessment | $610,374 |
| Land Assessment | $182,052 | Total Assessment | $792,426 |
PROPERTY TAXES
