CENTURY 21 Edge
Retail

Commercial Sale · Retail

$4,114,28610,274 sq ft$400 /sq ft0.57 acres1 units7% cap

36070 Emerald Coast Parkway, FL 32541, FL, 32541

Active41 days on marketListed Jun 22, 2026MLS #B26044362

About this property

The property at a glance

PERFECT FOR 1031 BUYER! Exceptional Single-Tenant Retail investment leased to Coastal Carpet & Tile Carpet One Floor & Home, a TOP RANKING flooring and kitchen Retailer serving Destin since 1999. The Company sales is $3M+ per year. The investment provides stable in-place cash flow in a growing market. Located right on US-98 with incredible visibility the building is less then a mile from Publix, Walmart, and other national Retailers. Built in 2003, and roof was resealed in 2024. Absolute NNN Tenant, $288,000 annual income in-place today, offered at a 7% cap rate = $4.1M. Seller reviewing all offers and motivated.

10,274

Building sq ft

$400

Price / sq ft

0.57

Lot acres

2003

Year built

1

Unit

1

Building

CG

Zoning

Retail

Property type

Building size10,274 sq ft
Lot size0.57 acres
Year built2003
Units1
Buildings1
ZoningCG
Business typeBusiness, Personal/Consumer Service, Mobile/Trailer Park, Professional Service, Retail, Wholesale, Consumer Service, Mall Enclosed, Professional, Retail Space, Education/School, Shopping Center, Strip Store
CoolingCentral Building A/C · Central Air
HeatingCentral Building A/C · Central
UtilitiesElectricity Available · Water Available
Annual taxes$17,135

The numbers

Investment snapshot

7%

Cap rate

$288,000

Net operating income

$4,114,286

Price / unit

1

Unit

Estimated payment (illustrative)

Down payment25% · $1,028,572
Interest rate6.00%
Loan term

Estimated payment

$20,088/mo

Principal & interest$18,500
Property taxes (actual bill)$1,428
Est. insurance$160

Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Financing

Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Alek to connect you with a commercial lender for real numbers.

Your team

The pros in your corner

Alek Cherrone

Your agent

Alek Cherrone

REALTOR® · CENTURY 21 Edge

Tours, offers, and every question about 36070 Emerald Coast Parkway — start here.

Andrew Acosta

Financing contact

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Ask about commercial financing options for 36070 Emerald Coast Parkway.

See it in person

Schedule a tour

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CENTURY 21 Edge
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