36070 Emerald Coast Parkway, Destin, FL

$3,900,000
Property Type: Commercial Sale Square Footage: 10,274 Status: Active
Current Price: $3,900,000 List Date: 6/23/2026 Last Modified: 9/08/2026

Overview

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.

Listing Details MLS# B26044362

General Property Information

Number Of Buildings
Yes
Property Sub Type
Retail
Number Of Units Total
Yes
Occupant Type
Tenant
Building Area Main
10274
Building Area Source
Appraiser
Year Built
2003
Year Built Details
Built in 2003, Roof resealed in 2024. Incredible condition
Parking Total
13
Lot Size Area
24970
Lot Size Acres
0.57
Accessibility Features YN
Yes
Stories Total
2
Stories
2

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: 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: Retail 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

Contract Information

Comp Sale YN
No
Original List Price
4114286
Negotiable Seller Concessions YN
No
Listing Service
Full Service
Seller Represented YN
Yes

Location and Legal

Country
United States
County Or Parish
Okaloosa
Street Number
36070
Street Name
Emerald Coast
Street Suffix
Parkway
Municipality Type
Incorporated
State Or Province
FL
Postal Code
32541
Postal Code +4
5719
Area
5940 - Other Florida County
Geographic Area
Other
Parcel Number
002s22238000000090
Subdivision Number
2380
Zoning
CG
Flood Zone
X
Directions
Right on US-98 Highway
Building Name
Carpet One Tile & Floor
Property Description
COMMERCIAL

Financial Information

Tax Annual Amount
17135.15
Tax Year
2025
Tax Assessed/SOH Value
1437730
Tax Legal Description
SUNSAIL PLAZA S/D LOT 9
Assessor Market Value
1437730

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

More Information

Building and Property Details

% Air Conditioned
100
Interior Ceiling Height
18

Distance To Information

Miles to Beach
Yes
Miles to Expressway
Yes

Meter Information

Separate Electric Meters YN
No
Separate Gas Meters YN
No
Separate Water Meters YN
No
Number Of Meters Total
Yes

Income and Expenses

Net Operating Income
288000

Originating Details

Originating System Key
20260622174025718439000000
Originating System ID
M00000170
IDX
Listing Office: Levy Realty Advisors LLC
Last Updated: September - 08 - 2026
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