101 Business Centre DrMiramar Beach, FL 32550

Property Details for 101 Business Centre Dr

Year built

2003

Construction

STEEL FRAME

Lot size

0.49 AC

Property size (Sq ft)

8,865 SF

Property type

Office properties

Property subtype

Office buildings

APN

29-2S-21-42100-000-0030

APU

292S21421000000030

Description

This exceptional commercial space, located at 101 Business Centre Dr B in Miramar Beach, Florida (zip code 32550), is a single-tenant, second-generation restaurant commissary ideally suited for a catering kitchen operation. The property, identified by APN 29-2S-21-42100-000-0030 in Walton County, is classified as Special Purpose with a restaurant prep subtype. The existing lease assignment and pricing for the included equipment are available upon request. This turnkey opportunity presents a significant advantage for businesses seeking a fully equipped and ready-to-use commercial kitchen. The space is strategically located in Miramar Beach, offering convenient access to local businesses and residents. Interested parties should inquire about lease terms and details regarding the existing equipment. This is a unique chance to acquire a well-established commercial kitchen without the extensive setup costs typically associated with new ventures. The property's precise coordinates are 30.383496428445607 latitude and -86.3788364881433 longitude. Further details regarding the lease assignment and equipment are available upon request. Don't miss this opportunity to establish or expand your catering business in a prime Miramar Beach location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,200,628

  6.5%

  $1,108,272

  7%

  $1,029,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $600,000

  Geo Method

  $630,213

• Alternative Use

  Use

  Valuation

  Residential

  $1,374,257

  Hospitality

  $1,258,812

  Educational

  $1,047,317

  Medical

  $1,083,336

  Retail

  $1,629,160

Location Insight

City

Miramar Beach

County

Walton

State

Florida

Latitude

30.3835

Longitude

-86.3786

CBSA code

18880

CBSA name

CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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