211 Main StDestin, FL 32541

Property Details for 211 Main St

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.72 AC

Property size (Sq ft)

7,604 SF

Property type

Retail space

APN

00-2S-22-1350-000A-0060

APU

002S221350000A0060

Description

This exceptional 7,000 square foot commercial property, located at 211 Main Street Unit B in Destin, Florida, presents a unique opportunity for a variety of businesses. The space boasts a flexible, open floor plan ideal for retail, office, or warehouse use, offering significant versatility to suit diverse operational needs. Approximately 5,000 square feet are immediately available for lease. The property benefits from excellent visibility and signage opportunities via a marquee sign directly on Main Street, ensuring high brand awareness and attracting potential customers. Convenient and ample parking is available on the south side of the building, providing easy access for both employees and patrons. The location is advantageous, situated in West Destin along Main Street, a high-traffic area. Signarama is a neighboring tenant, adding to the area's commercial vibrancy. The lease rate is targeted at $14 per square foot, plus $3.40 per square foot in NNN fees, and includes a 3% sales tax, resulting in a total monthly cost of $7,467.50. This property offers a compelling combination of location, space, and visibility, making it an attractive investment for businesses seeking a prime commercial location in Destin.

• CAP approach

  CAP return

  Valuation

  6%

  $1,513,872

  6.5%

  $1,397,420

  7%

  $1,297,605

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,296,927

  Geo Method

  $1,362,232

• Alternative Use

  Use

  Valuation

  Residential

  $1,178,776

  Hospitality

  $1,079,753

  Educational

  $898,342

  Medical

  $929,237

  Retail

  $1,397,420

Location Insight

City

Destin

County

Okaloosa

State

Florida

Latitude

30.3944

Longitude

-86.4841

CBSA code

18880

CBSA name

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

Property Tax & Assessments

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