Active
12272 Us Highway 98
Destin FL, 32550
$2,995,000
Active
Commercial
Freestanding Building in Miramar Beach, FL with 8,300 ft Expansion Potential!! Investors take note!!! 7% cap rate with long term leases on current building!!!
Welcome to this prime commercial property in Miramar Beach, Florida, This versatile building presents a unique income-producing opportunity, ideal for an owner-user looking to occupy the first floor while retaining a long-term tenant, Causeway Coffee, on the second floor.
Key Features: Location: Located in the community of Miramar Beach, Florida, known for its tourism and commercial activities. Size: Nearly 5,000 ft of existing building footprint with potential for an additional 8,300 sq ft of improvements. Click here for a virtual tour of the building:
https://tour.pivo.app/view/68be7b34-f5d2-493b-873e-a1c07940e7a2 See attachments for expansion site plan layout
955342
MLSⓇ ID
July 23, 2024
Listed
January 17, 2025
Updated
Map
12272 Us Highway 98
Destin FL, 32550
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.16 Acres
Other Property Details
Area Name
15 - Miramar/Sandestin Resort
Days on Market
178
Garage
No
View
No
County
Walton
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
12/20/2024 | Price change | $2,995,000 -8% |
11/9/2024 | Price change | $3,249,000 -1% |
10/16/2024 | Price change | $3,250,000 -8% |
Courtesy of EXP Realty LLC, Gregory E Ganske,
Listing Contact: 512-769-3230
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Data last updated 8:01 PM UTC, 1/17/2025
