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Jamie Dwight Sells Green Turtle Market In Indian Harbour Beach For $2.3M

Property Image
SOLD
$2,300,000

Florida

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Retail
Sold 01/08/2024
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Property Image
SOLD

Jamie Dwight Sells Green Turtle Market In Indian Harbour Beach For $2.3M

855 East Eau Gallie Boulevard

See Similar Deals
Retail
Sold 01/08/2024

Summary

FLORIDA
Asset Type:Retail
Transaction Type:Sale

The Green Turtle Market in Indian Harbour Beach has been sold for $2.3 million. The retail property, located at 855 East Eau Gallie Boulevard, was purchased by an undisclosed developer. Seller Jamie Dwight has not revealed the future plans for the market. While the gourmet market will remain open for a few more weeks, rising business costs, such as doubled insurance and a 40% increase in payroll, have influenced the closure. Dwight has positioned the sale as a strategic decision rather than a distress sale, as he approaches his 64th birthday.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,300,000
  • Address: 855 East Eau Gallie Boulevard
  • Market: Indian Harbour Beach
  • Seller: Jamie Dwight

An undisclosed developer has acquired the Green Turtle Market in Indian Harbour Beach, which was sold by Jamie Dwight. Despite the market's closure, plans for the property have not been disclosed. Rising business costs, including increased insurance and payroll expenses, were factors in the strategic decision to sell the property. Jamie Dwight, the owner, made the sale as he approaches his 64th birthday.

Details

SOLD
IMAGE: 01/08/2024 ADDRESS: 855 East Eau Gallie Boulevard MARKET: Indian Harbour Beach ASSET TYPE: Retail SELLER: Jamie Dwight SALE PRICE: $2,300,000 NOTE: The Green Turtle Market in Indian Harbour Beach was sold for $2.3 million to an undisclosed developer, with owner Jamie Dwight not revealing future plans. While the gourmet market will stay open for a few more weeks, rising business costs, including doubled insurance and a 40% payroll increase, influenced the closure, presenting it as a strategic decision rather than a distress sale as Dwight approaches his 64th birthday.

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