Prime Land Lease
For Lease
Contact for pricing
1001 US-98, Destin, FL 32541
Two outparcels for ground lease near future hotel.
Space SizeContact for details
Days on Market164
Property Features for 1001 US-98
General Information
Standard status
Active
Property subtype
Land
Building Details
Tenancy
Single
Listing Agency:
TLG Real Estate Services
(850) 385-6363
Listed By:
Bryan Cureton · License #FL 670038
Source:
Crexi
Added: Mar 11
Changed: Aug 13
Last Checked: Aug 20 at 6:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TLG Real Estate Services
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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).**
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
Explore this area
Business Placement
Demographics for 32541, FL
18,419
Population
16,390
Households
1.1
Avg Household Size
45
Median Age
48%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
1,462
Density / Sq Mi
$93,004
Median Household Income
$47,991
Median Earnings
$1,976
Median Rent
$498,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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-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).**
