221 Business Centre Drive

Description

Prime Industrial/Flex Opportunity Discover a versatile and high-yield investment at 221 Business Centre. This expansive 5,450 sq. ft. industrial/flex property is strategically situated in one of the most sought-after commercial pockets between Destin and Sandestin, offering unparalleled access to Highway 98 and the Scenic Gulf Drive areas. The Property Total Square Footage: 5,450 sq. ft. (4,000 sq. ft. primary structure + 1,450 sq. ft. rear addition). Warehouse Features: The facility boasts three 14-foot overhead doors, providing effortless access for large equipment, vehicles, or distribution needs. Bonus Storage: An insulated storage container is located on-site, perfect for climate-sensitive inventory or specialized equipment. Residential Component: A unique upstairs apartment features a full kitchen and bathroom, offering an on-site living option for an owner-operator or an additional stream of rental income. Professional Space: The layout includes multiple well-appointed offices, balancing industrial utility with administrative comfort. Income & Versatility This property is a proven producer designed for maximum flexibility. Whether you are looking for a corporate headquarters or a multi-tenant income play, the configuration allows for easy subdivision. Current Revenue: Side A is successfully leased at $4,000/month. Pro Forma Potential: Side B and the rear storage area are currently vacant, with the potential to command an additional $5,000/month. Full Occupancy Projection: Total gross monthly income is estimated at $9,000 when fully stabilized. Location Advantage Positioned in the heart of the Miramar Beach commercial corridor, this location serves the high-density markets of both Destin and Sandestin. Its proximity to luxury developments and the tourist-heavy Scenic Gulf Drive makes it an ideal hub for service providers, wholesalers, or luxury storage. Don't miss this rare opportunity to acquire a high-cap-rate asset in a supply-constrained market.