501 Harbor BlvdDestin, FL 32541

Property Details for 501 Harbor Blvd

Year built

1983

Construction

STEEL FRAME

Lot size

0.58 AC

Property size (Sq ft)

10,575 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

00-2S-22-0310-000A-0000

APU

002S220310000A0000

Description

This exceptional 9,400 square foot commercial space is ideally situated at 501 Harbor Boulevard Unit B, Destin, Florida, directly on Highway 98/Harbor Boulevard, just a mile from the Destin bridge. Located within Norred Plaza, this property offers a prominent location in the heart of Destin's bustling commercial district. The interior currently features five private offices and one bathroom. While requiring some minor finishing touches to fully customize it to your business needs, the space presents a significant opportunity for immediate occupancy. The property's strategic location ensures high visibility and accessibility for clients and employees alike. The asking price is $1250 (presumably monthly rent, further details to be confirmed). It's important to note that there is an additional monthly fee of $100 for water, sewer, and trash services. This exceptional property is perfect for a variety of professional businesses seeking a high-profile location in Destin. Serious inquiries are encouraged to schedule a viewing and explore the potential of this remarkable commercial space. The property is categorized as General Commercial and sits on a 0-acre lot.

• CAP approach

  CAP return

  Valuation

  6%

  $2,105,365

  6.5%

  $1,943,414

  7%

  $1,804,599

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,803,656

  Geo Method

  $1,894,477

• Alternative Use

  Use

  Valuation

  Residential

  $1,639,342

  Hospitality

  $1,501,629

  Educational

  $1,249,338

  Medical

  $1,292,304

  Retail

  $1,943,414

Location Insight

City

Destin

County

Okaloosa

State

Florida

Latitude

30.3934

Longitude

-86.4994

CBSA code

18880

CBSA name

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

Property Tax & Assessments

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