2052 Scenic Gulf Dr

Investment Highlights

Can build apartments on top Price per sq ft lower than residential Across from beach

Executive Summary

**Owner now willing to sell building separately** Free standing building, 3,440 sq ft. Highly desirable retail location across the road from the beaches of the Gulf of Mexico. Tremendous resort beach visitor traffic. Happy Beach Life occupies 1720 sq ft of the building. Frozen Dunes, tenant, has 860 sq ft. on an older lease. Emerald coast cruiser occupies 860 sq ft on a brand new lease. CAM is $19,691 annually. Current rent income is $313,860 annually. Able to build apartments on top of commercial space. ***Owner willing to sell all 3 listings together 1200 Scenic Gulf, 1688 Scenic Gulf & 2052 Scenic Gulf as a package deal for only $18,999,999***

• Sale Type    Investment or Owner User
• Sale Condition    Bulk/Portfolio Sale
• Property Type    Retail
• Property Subtype    Storefront Storefront General Retail Fast Food General Retail Storefront Retail/Residential Office Office Residential Storefront
• Building Size    3,440
• Year Built    2016
• Price    5,500,000
• Price Per SF    1,599
• Cap Rate    5.67
• NOI    312,000
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.21
• Land Acres    0.37 AC

• Monument Signage