1200 Scenic Gulf Dr

Investment Highlights

Only commercial space for sale Scenic gulf Price per sq ft lower than residential Beach front

Executive Summary

***HUGE PRICE REDUCTION***Scenic Gulf Dr. commercial retail space for sale! Extremely desirable and limited commercial space inside the Majestic Sun building within the Seascape Resort community. This motto floor space contains 7,125 sq ft with direct views of the Gulf of Mexico. Current rent income is over $192,000 yearly with the owner occupying 6255sq ft paying only 18sq ft. Lots of room for growth here. Owner is willing to stay for a short term, leave immediately or even sell merchandise and train new staff to operate existing retail business. National franchise Kilns occupies the other space on a new lease. ***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 Retail/Office Storefront Retail/Office General Retail Convenience Store General Retail Fast Food General Retail Storefront Storefront Retail/Office
• Building Size    7,125
• Building Class    B
• Year Built    1974
• Price    5,250,000
• Price Per SF    737
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.33
• Land Acres    0.50 AC

• Raised Floor