1688 Scenic Gulf Dr

Investment Highlights

Across from beach Can be built up to 3 stories Lower price per sq ft than residential

Executive Summary

***Price reduced and owner now willing to sell building individually*** Free Standing building. Highly desirable retail location across the road from the beaches of the Gulf of Mexico. Tremendous resort visitor traffic. The owner of the building occupies the majority (4574 sq ft) and has 3 other tenants including national franchise Dairy Queen, Emerald Coast Beach Home Reality, and Pascali Kitchen all leases are on the back end of their term. Owner could stay as a tenant or relocate. CAM is $34,639.35 annually. Current rent income is 248,814 annually, with owner paying well below market rent. Owner also willing to sell existing inventory if buyer wants to continue retail business. If torn down, can be built up to 3 stories. ***Owner willing to sell all 3 listings together 1200 Scenic Gulf, 1688 Scenic Gulf & 2052 Scenic Gulf package deal at $18,999,999***

• Sale Type    Investment or Owner User
• Sale Condition    Bulk/Portfolio Sale
• Property Type    Retail
• Property Subtype    Storefront Storefront General Retail Convenience Store General Retail Fast Food General Retail Restaurant Storefront
• Building Size    8,726
• Building Class    C
• Year Built    1974
• Price    8,450,000
• Price Per SF    968
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.45
• Land Acres    0.45 AC

• Monument Signage