$3,900,000
Destin, FL
MLS# B26044362
10274 sqft
1 / 13
Property Description
$200K PRICE REDUCTION! PERFECT FOR 1031 BUYER! Exceptional Single-Tenant Retail investment leased to Coastal Carpet & Tile Carpet One Floor & Home, affiliated with 1,000 locations nationwide. This location has been there 25+ years and ranked the Top Flooring retailers serving Destin, FL . The Company sales are mid $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. Standard NNN Tenant, $288,000 annual income in-place today. Seller reviewing all offers and motivated.
Details
Maps
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: Yes
Seller Represented YN: Yes
Listing Date: 2026-06-22
Status: Active
Original List Price: 4114286
List Price: $3,900,000
Current Price: $3,900,000
Listing Service: Full Service
Location and Legal
County Or Parish: Okaloosa
Municipality Type: Incorporated
Postal Code: 32541
Geographic Area: Other
Subdivision Number: 2380
Flood Zone: X
Building Name: Carpet One Tile & Floor
Property Description: COMMERCIAL
Country: United States
Street Number: 36070
Street Name: Emerald Coast
Street Suffix: Parkway
State Or Province: FL
Postal Code +4: 5719
Area: 5940 - Other Florida County
Parcel Number: 002s22238000000090
Zoning: CG
Directions: Right on US-98 Highway
General Property Information
Number Of Buildings: 1
Number Of Units Total: 1
Occupant Type: Tenant
Accessibility Features YN: Yes
Year Built Details: Built in 2003, Roof resealed in 2024. Incredible condition
Lot Size Area: 24970
Stories Total: 2
Stories: 2
Property Sub Type: Retail
Building Area Main: 10274
Building Area Source: Appraiser
Year Built: 2003
Parking Total: 13
Lot Size Acres: 0.57
Currently Not Used
Ownership Type: Assets Only
Financial Information
Tax Assessed/SOH Value: 1437730
Assessor Market Value: 1437730
Tax Annual Amount: 17135.15
Tax Year: 2025
Tax Legal Description: SUNSAIL PLAZA S/D LOT 9
Office/Member Information
DXORIGMLSID: RML
Electric
200+ Amp Service: 1
Flooring
Tile: 1
Foundation Details
Block: 1
Parking Features
Accessible Parking: 1
Assigned: 1
Guest: 1
Shared: 1
Property Condition
Resale: 1
Updated/Remodeled: 1
Special Listing Conditions
Real Estate Owned: 1
Documents Available
Accounting: 1
Aerial Photo(s): 1
Books & Records: 1
Copy Of Lease(s): 1
Financial Statement: 1
Investment Analysis: 1
Photos: 1
Meter Information
Separate Electric Meters YN: No
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Meters Total: 1
Structure Type
Flex: 1
Mixed Use: 1
Retail: 1
Warehouse: 1
Location of Property
Inside Lot: 1
Shopping Center: 1
Possession
Close Of Escrow: 1
Sewer
Private Sewer: 1
Public Sewer: 1
Utilities
Electricity Connected: 1
Water Connected: 1
Building and Property Details
% Air Conditioned: 100
Interior Ceiling Height: 18
Business Type
Cabinets: 1
Carpet/Tile: 1
Commercial: 1
Hardware: 1
Industrial: 1
Professional Service: 1
Rental: 1
Retail: 1
Wholesale: 1
Distance To Information
Miles to Beach: 1
Miles to Expressway: 1
Heating
Central: 1
Central Building: 1
Sale Includes
Building: 1
Construction Materials
Concrete Block - With Stucco: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Contract: 1
Conventional: 1
FHA: 1
Trade: 1
Road Frontage Type
City Street: 1
East of US-1: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Paved: 1
Roof
Concrete: 1
Security Features
Fire Alarm: 1
Fire Sprinkler System: 1
Security Lights: 1
Water Source
Public: 1
Cooling
Central Air: 1
Central Building: 1
Showing Requirements
Call Listing Agent: 1
Traffic Type
Auto: 1
Pedestrian: 1
Heavy: 1
Acreage Description
1/2 To Less Than 1 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-08-19T15:06:18Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-08-19T15:06:18Z
Status Change Date: 2026-06-23
Income and Expenses
Net Operating Income: 288000
Originating Details
Originating System Key: 20260622174025718439000000
Originating System ID: M00000170
Property Features
Business Type: Cabinets; Carpet/Tile; Commercial; Hardware; Industrial; Professional Service; Rental; Retail; Wholesale
Documents Available: Accounting; Aerial Photo(s); Books & Records; Copy Of Lease(s); Financial Statement; Investment Analysis
Electric: 200+ Amp Service
Flooring: Tile
Foundation Details: Block
Heating: Central; Central Building
Location of Property: Inside Lot; Shopping Center
Parking Features: Accessible Parking; Assigned; Guest; Shared
Possession: Close Of Escrow
Property Condition: Resale; Updated/Remodeled
Sale Includes: Building
Special Listing Conditions: Real Estate Owned
Construction Materials: Concrete Block - With Stucco
Cooling: Central Air; Central Building
Listing Terms: 1031 Exchange; Cash; Contract; Conventional; FHA; Trade
Road Frontage Type: City Street; East of US-1
Traffic Type: Auto; Pedestrian; Heavy
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Roof: Concrete
Security Features: Fire Alarm; Fire Sprinkler System; Security Lights
Sewer: Private Sewer; Public Sewer
Structure Type: Flex; Mixed Use; Retail; Warehouse
Utilities: Electricity Connected; Water Connected
Water Source: Public
Showing Requirements: Call Listing Agent
Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot
Listing Office: Levy Realty Advisors LLC
Last Updated: September - 08 - 2026
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