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        <title>Destin &amp; South Walton Real Estate Blog</title>
        <link>https://www.destinrealestatesales.com/blog/tags/development-opportunity/</link>
        <description>Get current trends, statistics, and learn more about real estate opportunities in Destin and South Walton, Florida.</description>
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    <guid>https://www.destinrealestatesales.com/blog/former-golden-corral-in-destin-for-sale.html</guid>
    <link>https://www.destinrealestatesales.com/blog/former-golden-corral-in-destin-for-sale.html</link>
        <author>rolivarez@oceanreefresorts.com (Destin Real Estate Sales)</author>
        <title>Former Golden Corral in Destin for Sale</title>
    <description> <![CDATA[ 
You may be familiar with this Destin property for sale, as it was a well-known destination for tasty, affordable family meals. 



Even if you are not a patron of Golden Corral, chances are you've passed by this spot many times. Real Estate value is all about location, and this place is all that and then some. 



This commercial property offered for sale is located on a prime 2.23-acre parcel on the north side of Harbor Boulevard (Highway 98) just west of the Main Street juncture. The traffic count at this location averages almost 50,000 vehicles daily. Obviously, traffic counts are even higher during the busy tourist season. It has 144 linear feet of road frontage and a paved parking lot with 135 spaces.



A big bonus to this property is that it comes with an expansive pre-existing restaurant with 9,737 square feet of space that served as a profitable Golden Corral for almost twenty years. The property is landscaped around the building as well as the parking lot with towering palm trees and shrubbery.



The building includes a large entry foyer for waiting guests and three spacious dining rooms located in the center and at each end. Since the tenant has moved out, it is ready to be reinvented and remodeled as a new restaurant to open in time for the bustling 2018 tourist season. However, the sky is the limit as to what kind of potential this property may have since it has a highly sought after Town Center Mixed Use zoning designation by the city of Destin. The property can be used for high-density development for restaurants or bars, hotels or motels, permanent multi-family housing, professional office space, healthcare services, fitness centers, grocery stores, specialty stores, general retail centers, liquor store outlets, motion picture theaters and gas station convenience stores to name a few. This 9,737 restaurant building with 2.23 acres of land is listed at $3,000,000. Currently, there are eight commercial pieces of property with existing buildings on them for sale in Destin ranging from $895,000 for a 3,776 retail building on a .35 acre lot to $4,395,000 for a 24,469 square foot building on a 1.84-acre lot. The list price per square foot of each building for sale averages at $141.16 psf.  There are five commercial property parcels for sale in Destin without buildings on them ranging from $2,600,000 for a 9.51-acre lot to $9,950,000 for a 35.45-acre parcel. The list price for each vacant parcel averages out at $376,137 per acre.If you are interested in receiving more detailed information and a comparative market analyses on this commercial property or any others, contact our Ocean Reef Real Estate Office today at (877) 392-6085.

 
 
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    <pubDate>Thu, 28 Dec 2017 13:46:00 -0600</pubDate>
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    <guid>https://www.destinrealestatesales.com/blog/destin-development-opportunity-buy-hurricane-lanes.html</guid>
    <link>https://www.destinrealestatesales.com/blog/destin-development-opportunity-buy-hurricane-lanes.html</link>
        <author>rolivarez@oceanreefresorts.com (Destin Real Estate Sales)</author>
        <title>Destin Development Opportunity - Buy Hurricane Lanes</title>
    <description> <![CDATA[ 
A unique opportunity for development and investment is available at one of the most premium commercial parcels located in Destin. This property encompasses five acres at the southwest corner of  Emerald Coast Parkway and Matthew Boulevard. It boasts a premier central location with an impressive traffic count. This is due to the fact that Matthew Boulevard adjoins Emerald Coast Parkway at this juncture acting as the far most western outlet from Scenic Highway 98 to the main east-west corridor that connects Destin to Miramar Beach. It is also only one block from the Mid Bay Bridge road, which serves as the only northern access to Destin. This area has boomed within the past 15 years due to its convenient strategic location. In 2002 only the Paradise Key Shopping Center, which includes the Publix store was located here. Since that time the largest retail shopping complexes located in Destin have been completed here and include the highly popular Destin Commons, The Shoppes at Paradise Key and the Barnes and Noble Shopping Center.



Three commercial enterprises have profitable businesses on this site, which include the Hurricane Lanes Bowling Alley and Family Entertainment Center with an adjoining nightclub/concert venue, a Sunoco Gas Station Convenience Store and a vacant building which was formerly a Salon. There is also a deeded commercial billboard sign leased out by Lamar. The three structures comprise 217,800 total square feet. These preexisting businesses can be possibly leased back while the new owner pursues a new development order.


The property comes in two unified parcels which include 34876 Emerald Coast Parkway ID  00-2S-22-0000-ooo1-0510 and 34880 Emerald Coast Parkway ID  00-2S-22-0000-0001-051A. This has the Destin CG zoning designation which is for Commercial General, a highly sought after zoning designation that can include Vacation Rental Multi-Family Housing, Hotels or Motels, Full Service Restaurants and Fast Food, Bars, Grocery Stores, Specialty Food Stores, Beer Wine or Liquor Outlets, Movie Theaters, Clothing Stores, Specialty Shops, Recreational Facilities, Service Centers and Professional Offices to name a few.For more detailed information regarding zoning details, income or other questions regarding this or any other commercial opportunities in the Destin area call one of our sales professionals today at (877) 392-6085.  
 
 

 ]]> </description>
    <pubDate>Thu, 26 Oct 2017 09:05:00 -0500</pubDate>
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