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Harbor Village 220-236 Harbor Blvd 21,120 SF 100% Leased Retail Building Destin, FL 32541 $4,500,000 ($213.07/SF)



INVESTMENT HIGHLIGHTS
- Harbor Boulevard / Highway 98 in the Heart of Destin, Florida's Harbor District.
- (10) separate deeds; each deed is comprised of (1) retail storefront space and (1) two-tory, 2-bedroom, 2.5 bath townhome.
- The subject property is located directly across from one of the City of Destin's largest public parking lots.
- The City of Destin's zoning allows for short term rentals.
- The subject property is located within +/-2,000' from the Emerald Grand and its Harbor-Front, Mixed-Use Venue
EXECUTIVE SUMMARY
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. The site contains nearly 1 acre, ±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.
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. The site contains nearly 1 acre, ±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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
21,120 SF
Building Class
B
Year Built/Renovated
1992/2013
Price
$4,500,000
Price Per SF
$213.07
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
11’
Building FAR
0.73
Lot Size
0.66 AC
Zoning
South Harbor Mixed Use - Please note uploaded zoning fact sheet.
Parking
65 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
171’ on Harbor Blvd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,837,316 | |
| Land Assessment | $1,028,421 | Total Assessment | $2,865,737 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,028,421
Improvements Assessment
$1,837,316
Total Assessment
$2,865,737
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Harbor Village | 220-236 Harbor Blvd
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