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1001 Us Highway 98 Destin, FL 32541

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For Lease
$195,000

Two outparcels for ground lease near future hotel.

Property Features for 1001 Us Highway 98

General Information

Standard status
Active

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Listing Contact
Bryan Cureton
Bryan Cureton
Source: Crexi

Listing Agency: TLG Real Estate Services Listing Agent: Bryan Cureton

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Prime Land Lease Opportunity

Two outparcels are available for ground lease, representing a rare opportunity for new development. These are the last two undeveloped outparcels on US HWY 98 E in Destin. Located on US HWY 98 E, the parcels are attached to the future Drury Plaza Hotel™, which is currently under construction and scheduled for completion in the Summer of 2027. The location is less than 5 minutes from the Destin Harbor Boardwalk and in close proximity to beach access. This major tourist destination offers year-round visibility and high traffic. The traffic count on US HWY 98 is 52,500. Destin sees approximately 4.5 million visitors annually, with estimated tourism spending of $734 million.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Destin
County
Walton
State
Florida
Longitude
-86.306507
Latitude
30.376667

FAQs

What type of property is this?
Commercial land - Two outparcels for ground lease near future hotel.
Where is this commercial land located?
The property is located at 1001 Us Highway 98 Destin, FL.
What is the lease rate?
The lease rate is $195,000.
What are key features of this property?
This property features: - Ground lease opportunity on US HWY 98 E in Destin.; - Attached to the future Drury Plaza Hotel™ (completion scheduled Summer 2027).; - **High traffic location: 52,500 vehicles on US HWY 98 (2025).**
More about this property
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