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Details For Listing #526832
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MLS #: 526832 Price: $1,595,000Images
Additional Details
31 Main Street Rosemary Beach The Only Existing Two Story Commercial Building Located On The South (beach) Side Of Highway 30a In Rosemary Beach Located On A Site With Future Expansion Potential, Immediately Adjacent To Hotel Saba. This Commercial Building And Lot Has Future Development Opportunity For A Three And One Half Story Live/work Building Rosemary Beach Type Ii Building As An Alteration To Or Replacement Of The Existing Building. The Existing Building Is 100% Occupied With Retail And Office Tenants. The Maximum Potential For The Property Is First Floor Retail, Second Floor Office Or Residential And Third Floor Plus Any Fourth Floor Area, If Constructed, Would Be Required To Be Residential. The Maximum Allowed Quantity Of Residential Units Is Two And The Property Includes Two On-site Parking Spaces. The Main Street Side Of The Ground Floor (approximately 658 Square Feet) Is Occupied By The Savvy Seahorse Gift Store. This Retail Space May Also Be Used As A Restaurant And Is Equipped With An Existing Grease Trap And Roof Mounted Hood Fan. The Rear Portion Of The Ground Floor (approximately 266 Square Feet) Is Occupied By E5 Studio. The Second Floor (approximately 1,151 Square Feet) Vaulted High Ceiling Space Is Occupied By A Boheme Design. Although Each Tenant Desires To Remain, Purchaser Will Have The Right To Almost Immediately Use Any Or All Of The Building Without Difficult Lease Termination With The Tenants. Office Spaces Lease For An Approximate Rate Of $39.00 Per Square Foot Annually. The Existing Building Includes An Elevator, Ground Floor Kitchenette, Restroom On Each Floor And A 312 Square Feet Second Floor Terrace With A Nice View To The Gulf Of Mexico As Well As A 78 Square Foot Second Floor Porch Facing Main Street. The Conditioned Building Square Footage Is Approximately 2,193 Gross.
Listing courtesy of Rosemary Beach Realty Llc.