• Property Type
  • Retail
  • 0.57 Sq Ft
  • Land Area
  • Array
  • Property ID
  • 2003
  • Year Built
36070 Emerald Coast Parkway, Destin, FL
  • $3,900,000

Description

PERFECT FOR 1031 BUYER! Exceptional Single-Tenant Retail investment leased to Coastal Carpet & Tile Carpet One Floor & Home, a TOP RANKING flooring and kitchen Retailer serving Destin since 1999. The Company sales is $3M+ per year. The investment provides stable in-place cash flow in a growing market. Located right on US-98 with incredible visibility the building is less then a mile from Publix, Walmart, and other national Retailers. Built in 2003, and roof was resealed in 2024. Absolute NNN Tenant, $288,000 annual income in-place today, offered at a 7% cap rate = $4.1M. Seller reviewing all offers and motivated.

  • Address: Array
  • City: Destin
  • State/county: Okaloosa

Details

Updated on August 27, 2026 at 1:00 am
  • Property ID Array
  • Price $3,900,000
  • Land Area 0.57 Sq Ft
  • Year Built 2003
  • Property Type Retail
  • Property Status Commercial Sale

Additional details

  • AssociationFee 0
  • Building Area Total 10274
  • BuildingName Carpet One Tile & Floor
  • Business Type Cabinets, Commercial, Carpet/Tile, Hardware, Professional Service, Retail, Wholesale
  • Community Features Shopping
  • Cooling Central Air
  • Days On Market 58
  • DistanceToFreewayNumeric 0
  • Documents Available Aerial, Financials, Ground Photo, Lease
  • Electric 200+ Amp Service
  • Flooring Tile
  • FoundationDetails Block
  • Heating Central
  • Internet Automated Valuation Display YN 1
  • Listing Terms Cash, Conventional, 1031 Exchange, FHA, Trade
  • Lot Features Interior Lot
  • Lot Size Area 24970
  • MLSAreaMinor Other
  • Mobile Dim Units Feet
  • Net Operating Income 288000
  • NumberOfBuildings 1
  • NumberOfUnitsTotal 1
  • Occupant Type Tenant
  • Parking Features Accessible Parking
  • ParkingTotal 13
  • Possession Close Of Escrow
  • PossibleUse Service
  • RoadFrontageType City Street
  • RoadResponsibility Public Maintained Road
  • Security Features Fire Alarm, Fire Sprinkler System, Security Lights
  • Sewer Public Sewer, Private Sewer
  • SpecialListingConditions Real Estate Owned
  • Street Suffix Parkway
  • Tax Annual Amount 17135.15
  • Tax Assessed Value 1437730
  • Utilities Electricity Connected, Water Connected
  • Water Source Public
  • Zoning CG

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