Attention commercial real estate investors and business property rental owners. Location meets opportunity in the heart of Rosemary Beach. Seven commercial units are available for sale all in one package at 82 South Barrett Square.
This premier location is in the exceedingly prestigious preplanned village of Rosemary Beach at the eastern end of Scenic 30A. It sits right on the south village square less than 30 yards down the green from the Rosemary Beach Village Hall. This highly visible four-story building also straddles the corner of Scenic 30A. It is completed in the same classic Dutch Colonial architectural style that that is embraced by the rest of this charming village. The first floor has space occupied by a popular restaurant and retail shops.
The seven units for sale are located on the second-floor wrapping around all sides of the building and totaling 8,073 square feet. Much of this space has been leased by a successful private school that is vacating the building to move to larger leased space in June.
The interior space includes an elevator lobby, travertine marble tile flooring, a richly paneled reception area with a custom built desk, upscale public bathrooms and an employee kitchenette with custom cabinetry, granite topped countertops, a wet bar, microwave ovens, a mini refrigerator and a dishwasher.
This property is priced at $5,852,925 for the 8,073 square feet of total space which averages the list price at $725 per square foot. Currently, there is only one other commercial space for sale in Rosemary Beach which is the first-floor street level of one unit at 72 Main Street a short distance away. It is listed for $1,750,000 and comprises 1,256 total square feet which average to a list price at 1,393 per square foot. Current leases in the area for all commercial space runs from $3,000 to $6,000 monthly for 1,347 square feet at The Villages of South Walton, which is a very short distance away on Scenic 30A. The average lease price comes in at $3.35 per square foot. The newest retail development near Rosemary Beach named 30Avenue has space available for lease that ranges from $5,227 per month for 2,240 square feet ($2.33 psf average) up to $10,149 per month for 3,383 square feet ($3 psf average).