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$12,500
733 Harbor Boulevard
Destin, FL 32541
MLS# 817941
9776 sqft


733 Harbor Boulevard, Destin, FL 32541
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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.

Details
Maps
None
Current Price: $12,500
Status Change Info
Status: Active
Contract Info
List Price: $12,500
Listing Board: Emerald Coast
Location, Tax and Legal
Area: 14 - Destin
Street #: 733
Street Name: Harbor
Street Suffix: Boulevard
State: FL
Zip Code: 32541
County: Okaloosa
Sub Area: 1403 - West Destin
Parcel ID: 00-2S-22-0000-0012-0010
General Property Info
Listing Class: Retail
Listed on GCCMLS: Yes
Apx SqFt(Htd/Cooled): 9776
Unit SqFt: 9776
Retail SqFt: 9776
Year Built: 1998
Lease $/SqFt/Yr: 15.34
Vacant: No
Date Available: 2019-06-01
Acreage: 2.24
Zoning: TCMU
Retail
Property Type: Freestanding
Property Features
Construction Status: Existing

Listing Office: Real Estate Professionals of NW Fla Inc

Last Updated: March - 13 - 2019

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2014 and s owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the softwre, FBS, Inc. All rights reserved.

Thursday 21st of March 2019 12:27 PM

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