12272 US Highway 98 W - Office FOR SALE


Miramar Beach, FL 32550
$2,699,000 USD
512-769-3230
12272 US Highway 98 W, Miramar Beach, FL for Sale
$2,699,000 USD
Office - FOR SALE
1/35
null | Request Cap Rate

12272 US Highway 98 W
Miramar Beach, FL 32550


OVERVIEW

Freestanding Building in Miramar Beach, FL with Expansion Potential Welcome to this prime commercial property in Miramar Beach, Florida, situated on over 1 acre of land. This versatile building presents a unique income-producing opportunity, ideal for an owner-user looking to occupy the first floor while retaining a long-term tenant, Causeway Coffee, on the second floor. This Listing is for the front building and current parking. The approx 0.5 acres behind the building can be purchased for an additional $550K if purchased along with the front building. If purchaser wants to purchase the front building only, the closing will be subject to the property going through the subdivision process with Walton County. The acreage listed is only an approximate and will be finalized once the subdivision process has been completed. Click on following link for virtual tour of the building: https://tour.pivo.app/view/68be7b34-f5d2-493b-873e-a1c07940e7a2 Key Features: Location: Located in the vibrant community of Miramar Beach, Florida, known for its tourism and commercial activities. Size: Nearly 5,000 ft of existing building footprint with potential for an additional 8,000 sq ft of improvements, perfect for expanding current operations. Tenancy: Secure income stream with Causeway Coffee occupying the second floor with a long-term lease. Expansion Potential: Opportunity to expand the building to meet growing business needs or lease out additional space on 8,000 ft expansion. See attachments for potential layouts for expansion Versatility: Suitable for various uses including retail, office, or mixed-use development.

FOR SALE DETAILS

PRICE

$2,699,000 USD

PRICE/SF

$699 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,545 SF

ZONING

HWY 98

APN/PARCEL ID

29-2S-21-42000-011-0012

ASK ABOUT THIS PROPERTY

Greg GanskeRodos Advisors brokered by eXp Realty, LLCMore Info
512-769-3230

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Greg GanskeRodos Advisors brokered by eXp Realty, LLCMore Info
512-769-3230

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.