4495 Furling LnDestin, FL 32541

Property Details for 4495 Furling Ln

Year built

2016

Construction

STEEL FRAME

Lot size

0.37 AC

Property size (Sq ft)

32,395 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

00-2S-22-0880-0000-0040

APU

002S22088000000040

Description

This exceptional 5,000 square foot retail space is available for lease within the prestigious City Market Bayside Shopping Plaza. Situated on the second floor of a Class A, two-story building constructed in 2016, this shell space offers unparalleled potential for customization. The building boasts a total of 31,588 square feet across one building on a 0.37-acre lot. Convenient elevator access is available. The property's prime location along Highway 98 ensures high visibility and accessibility, benefiting from an average daily traffic count of 53,000 vehicles. The City Market Bayside Shopping Plaza enjoys significant foot traffic and is anchored by a diverse range of established businesses including Tropical Smoothie Café, Orange Theory Fitness, Lux Exchange, and Women’s Health of the Emerald Coast. This strategic location offers proximity to Hurlburt & Eglin Air Force Bases, Crystal Beach Shopping Plaza, Destin Commons, numerous golf courses, the stunning Emerald Coast beaches, and a variety of entertainment options. The property's APN is 00-2S-22-0880-0000-0040. This is a rare opportunity to establish a thriving business in a high-traffic, desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,449,486

  6.5%

  $5,953,372

  7%

  $5,528,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,525,243

  Geo Method

  $5,803,460

• Alternative Use

  Use

  Valuation

  Residential

  $5,021,892

  Hospitality

  $4,600,026

  Educational

  $3,827,167

  Medical

  $3,958,790

  Retail

  $5,953,372

Location Insight

City

Destin

County

Okaloosa

State

Florida

Latitude

30.3876

Longitude

-86.4049

CBSA code

18880

CBSA name

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

Property Tax & Assessments

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