Old South Centre Drastically ReducedPosted on 06/21/17
Commercial Real Estate in Destin is a hot commodity. With Destin’s rank as a top vacation destination, as well as a prime place to live, new businesses are popping up all along the Emerald Coast.
As such, commercial property owners and tenants share a mutual interest: to boost the value of a property to increase business.
And right now, one of the best commercial properties in Destin is for sale. The Old South Centre is on the market and has been drastically reduced by nearly a million dollars. You can now purchase this prime real estate, including six office buildings and three warehouses, for $4.3 million.
The exterior features established landscape, columns, dormers, and inviting balconies. The buildings in Old South Centre exude Southern charm and are highly attractive to lessees. Current tenants include a medical facility, attorney, title company, and host of other business professionals.
This business complex sits on five acres directly on Highway 98 in Destin. Due to its prime location, the six office buildings—sold as one unit—attract stable tenants and top rent. The one and two-story buildings range from 1,000 square feet to 5,508 square feet. In total, all six buildings total 33,710 square feet. Plus, three warehouses are situated at the back of the property.
When you’re looking for commercial real estate, you want to keep several things in mind, including, the net operating income. Request rental projections for the Old South Centre from RE/MAX Southern Realtor Kerry Veach.
Located just minutes from Destin Commons on Emerald Coast Parkway, Old South Centre offers peak visibilityin a high traffic area.
Old South Centre is a sound investment; 93 percent of the business complex is currently leased with limited rollover risk.
To schedule a viewing or view the complete listing brochure, contact Kerry Veach with RE/MAX Southern.