733 Harbor Boulevard

    Destin, FL 32541
    • $12,500
    • STATUS: Active
    • ON SITE: 43 days
    • MLS #: 817941
    $12,500
    • 0
      BEDS
    • 2.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,776
      SQFT
    • $1
      $/SQFT
    Neighborhood:
    Type:
    Commercial-Lease
    Built:
    1998
    County:
    Area:

    School Ratings & Info

    Description

    Lessee requests confidentiality. This is the buy-out of a current on-going lease with 5 years left in the initial term + options with a right of first refusal in the lease for purchase. Lease is not negotiable and also requires 2.5% overage in addition to base rent. Lessor must approve the new tenant. Lessee has over $1,000,000 invested but is looking for $700,000 to vacate the building leaving all equipment except signage. Current use is a restaurant. This restaurant has 9,776 SF, 378 seats, & zoned Town Center Mixed Use (TCMU) which allows restaurant/bar, grocery, gasoline, department stores & other retail, office, seasonal & permanent multi-family, hotel/motel, fitness centers, & more. There are 135 parking spaces on 2.23 acres with 144' on Hwy 98. Traffic count is 49,500 daily.

    Monthly Payment Calculator



    © 2019 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Classic Luxury Real Estate, LLC. Data last updated: 2019-04-24T00:03:39.857.
    www.liveandplayon30a.com/homes/92580823

    733 Harbor Boulevard Destin, FL 32541

    • Price: $12,500
    • Status: Active
    • MLS #: 817941
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.24
    Acres
    9,776
    SQFT
    $1
    $/SQFT
    1998
    Built
    Neighborhood:
    Destin
    County:
    Okaloosa
    Area:
    Destin
    Property Description
    Lessee requests confidentiality. This is the buy-out of a current on-going lease with 5 years left in the initial term + options with a right of first refusal in the lease for purchase. Lease is not negotiable and also requires 2.5% overage in addition to base rent. Lessor must approve the new tenant. Lessee has over $1,000,000 invested but is looking for $700,000 to vacate the building leaving all equipment except signage. Current use is a restaurant. This restaurant has 9,776 SF, 378 seats, & zoned Town Center Mixed Use (TCMU) which allows restaurant/bar, grocery, gasoline, department stores & other retail, office, seasonal & permanent multi-family, hotel/motel, fitness centers, & more. There are 135 parking spaces on 2.23 acres with 144' on Hwy 98. Traffic count is 49,500 daily.
    Exterior Features

    Lot Frontage 144

    Interior Features

    Retail Sq Ft 9776.00 Unit Sq Ft 9776.00

    Property Features

    Date Available 2019-06-01 Listing Board Emerald Coast Listing Class Retail Retail Property Type Freestanding Term 5 Years + Options Vacant No Zoning Tcmu

    Listing courtesy of Real Estate Professionals Of Nw Fla Inc.


    © 2019 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Classic Luxury Real Estate, LLC. Data last updated: 2019-04-24T00:03:39.857.
     
    Classic Luxury Real Estate, LLC
    90 Spires Ln #10A
    Santa Rosa Beach FL, 32459