2052 Scenic Gulf Dr Miramar Beach, FL 32550-6827

This exceptional retail investment opportunity in Miramar Beach, Florida, presents a 3,840 square foot multi-tenant building situated on Scenic Gulf Drive. The property boasts a prime location directly across from the Gulf of Mexico beaches, ensuring high visibility and significant foot traffic from resort beach visitors. Currently operating at 100% occupancy, the property generates $230,700 in annual rental income with a 5.00% cap rate. The building is comprised of three tenants: Paradise Found (1,720 sq ft), Frozen Dunes (860 sq ft on an older lease), and Emerald Coast Cruiser (860 sq ft on a brand new lease). Annual CAM charges are $19,691. The asking price is $5,900,000, and the current leases have a remaining term of two years. The existing owner, Paradise Found, is willing to remain as a tenant or relocate, and is also open to selling their existing inventory to a new buyer. This property offers significant upside potential, with the possibility of adding apartments above the existing commercial space. The property is also available as part of a larger package deal including two additional buildings for a total price of $18,999,999. This is a rare opportunity to acquire a thriving retail property in a highly desirable beachfront location.