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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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221 Business Centre Dr , Miramar Beach, FL 32550
$1,400,000
Est. Payment: $7,100.54/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 116
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House 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.

Highlights

Listed by Christopher S Roberts , 1 850-225-9219 EXP Realty LLC , 888-883-8509. Emerald Coast Multiple Listing Services

Property Type

Commercial Sale

Lot/Acreage
0.32

County

Walton

Area

15 - Miramar/Sandestin Resort

Listing ID

1000622

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot Dimensions:150'x100'
Principal Interest
$7,101
Taxes
$893

Home Price

$1,400,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$280,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,100.54

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,100.54 $892.50 $0.00 $7,993.04
Yearly $85,206.43 $10,710.00 $0.00 $95,916.43
Total $2,556,192.91 $321,300.00 $0.00 $2,877,492.91

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Miramar Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T10:17:48.000Z

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