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$1,400,000
Property 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.
Full Property Details
Full Property Details for 221 Business Centre Dr
General
- Price: $1,400,000
- Status: Active
- Type: Commercial
- Source: Emerald_Coast
- MLS ID: 1000622
- Updated: 4/14/2026
- Added to Site: 8 day(s) ago
Location
- Area: 15 - Miramar/Sandestin Resort
- County: Walton
- Driving Directions: From the intersection of Holiday Road and Emerald Coast Parkway, head east towards Sandestin. Take the first right past the intersection onto Business Center Drive. Head south towards the beach about 1000 feet. Warehouse will be on the left just past the slight bend in the road.
Lot Features
- Lot Size (Acres): 0.32
- Lot Size (Sq. Ft.): 13,939.2
- Lot Dimensions: 150' x 100'
Disclosures and Reports
- Legal Description: LOT 9 EMERALD COAST BUSINESS CENTER PB 17-98 OR 2763-393 OR 3002-4984 OR 3190-1108 OR 3324-4223 OR 3365-1180
- APN: 29-2S-21-42100-000-0090
- Property ID: 29-2S-21-42100-000-0090
Listed by EXP Realty LLC
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Schools
Schools serving 221 Business Centre Dr
School District:Walton County School District
| Name | Grades | Distance |
|---|---|---|
Van R. Butler Elementary School 6694 West County Highway 30A, Santa Rosa Beach, FL 32459 | K-5 | 7.1 mi |
Emerald Coast Middle School 4019 US Highway 98 East, Santa Rosa Beach, FL 32459 | 6-8 | 15.9 mi |
South Walton High School 645 Greenway Trail, Santa Rosa Beach, FL 32459 | 9-12 | 11.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 221 Business Centre Dr
Date
Details
Price
Change
Source
4/14/2026
Listed
$1,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 221 Business Centre Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,985
—
$602,122
1%
2024
$4,985
11%
$594,670
11%
2023
$4,489
40%
$536,363
40%
2021
$3,214
-21%
$382,279
-18%
2022
$4,083
27%
$468,837
23%
2021
$3,214
6%
$379,662
62%
2019
$3,033
23%
$233,768
-5%
2018
$2,465
2%
$247,197
1%
2017
$2,420
261%
$244,139
174%
2016
$670
6%
$89,238
7%
2015
$634
74%
$83,400
135%
2014
$365
-1%
$35,445
—
2013
$368
—
$35,445
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 221 Business Centre Dr
221 Business Centre Drive, Miramar Beach, FL 32550 (MLS# 1000622) is a Commercial property. 221 Business Centre Drive is currently listed for $1,400,000 and was received on April 14, 2026. Want to learn more about 221 Business Centre Drive? Do you have questions about finding other Commercial real estate for sale in Miramar Beach? You can browse all Miramar Beach real estate or contact a Coldwell Banker agent to request more information.
