0 4507 Destin, FL 32541
This exceptional 2,600 square foot Class B storefront, located at 4507 Furling Ln, unit 103, Destin, FL 32541, presents a lucrative investment opportunity. The property, situated in Okaloosa County, boasts a prime location on a main road within a two-story building. Currently operating as a successful massage spa for over six years, the business generates a net annual income exceeding $250,000 and benefits from a loyal customer base. The sale includes both the real estate and the established business, offering a seamless transition for the buyer. The 2,560 square feet of net rentable space is priced at $353.85 per square foot, with an asking price of $920,000. The property features two units across two stories and is zoned for commercial use. Possession is available on May 30, 2024. This turnkey operation provides immediate income potential and represents a strong investment in a thriving Destin location. The property's established business and high-income potential make it an attractive option for investors seeking a ready-made, profitable venture. Don't miss this chance to acquire a well-established business and prime retail space in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.