30 Shore DrMiramar Beach, FL 32550

Property Details for 30 Shore Dr

Year built

1993

Construction

FRAME

Lot size

0.61 AC

Property size (Sq ft)

2,785 SF

Zone code

HWY 98

Property type

Office properties

Property subtype

Office buildings

APN

28-2S-21-42000-012-0030

APU

282S21420000120030

Description

This exceptional freestanding office building, located at 30 S Shore Dr in Miramar Beach, Florida (zip code 32550), presents a unique investment opportunity. Boasting 3,473 square feet on a 0.68-acre lot, this property offers a highly visible presence on US Highway 98, a major thoroughfare with a remarkable 53,000 vehicles passing daily. The building features two entrances and a welcoming reception area, perfect for creating a professional first impression. The main floor encompasses 2,647 square feet and includes private offices, a conference room, a dedicated work area, and a convenient break room. Additional space is available in the 720-square-foot attic/storage area on the second floor. Ample parking is provided with 17 spaces, including one designated handicap space. The building's prominent location at the corner of US Hwy 98 and S. Shore Drive offers easy access from S. Shore Drive, and a striking brick monument sign facing US Hwy 98 ensures high visibility and brand recognition. This property is ideal for a variety of businesses seeking a high-traffic location and a well-appointed space. The asking price is $1,900,000.

• CAP approach

  CAP return

  Valuation

  6%

  $377,185

  6.5%

  $348,171

  7%

  $323,302

• Comparable approach

  Method

  Valuation

  Relative Method

  $188,494

  Geo Method

  $197,986

• Alternative Use

  Use

  Valuation

  Residential

  $431,732

  Hospitality

  $395,464

  Educational

  $329,022

  Medical

  $340,337

  Retail

  $511,812

Location Insight

City

Miramar Beach

County

Walton

State

Florida

Latitude

30.3805

Longitude

-86.3545

CBSA code

18880

CBSA name

CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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