SQUARE FEET10,274
MLS#B26044362
STATUS(Bank Owned) - Active
PROPERTY TYPECommercial - Retail
Property Description
Presenting an exceptional single-tenant retail investment leased to Coastal Carpet & Tile Carpet One Floor & Home, a well-established flooring and kitchen & bath retailer serving Florida's Emerald Coast since 1999. Recently celebrating its 25th anniversary, the company benefits from the purchasing power and brand recognition, one of North America's largest flooring cooperatives. The investment provides stable in-place cash flow and is supported by continued market growth, tourism, demand, and ongoing residential and commercial development throughout the Destin market. New build, 2003, and roof was resealed in 2024. Absolute NNN Tenant, $288,000 in-place rent today, offered at a 7% cap rate = $4.1M
Property Features
Property Type: Commercial - Retail
Cooling: Central Air, Central Building
Heating: Central, Central Building
Home Style: Cabinets, Commercial, Carpet/Tile, Hardware, Professio
Lot Size: 0.57 Acres
Roof Type: Concrete
Stories: 2.0
Taxes: $17,135
Year Built: 2003
Feature Descriptions
Days on Site: 1
Exterior: Concrete Block - With Stucco
Flooring: Tile
Parcel#: 002s22238000000090
Parking: Accessible Parking
Parking Notes: Accessible Parking
Security: Fire Alarm, Fire Sprinkler System, Security Lights
Sewer: Public Sewer, Private Sewer
Structure Type: Retail
Units: 1
Utilities: Electricity Connected, Water Connected
Utilities: Electricity Connected, Water Connected
Water: Public
Listed By / Shown By
Listed By
Agency Name: Levy Realty Advisors LLC
Agency Phone: 954-491-5505
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
36070 Emerald Coast Parkway | MLS# B26044362
This commercial property located at 36070 Emerald Coast Parkway, Destin, FL 32541 is currently listed for sale with an asking price of $4,114,286. Search Destin real estate on www.realtymark.net today.