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    Property profile & analytics
    FOR LEASE
    Commercial land

    1001 Us Highway 98 Destin, FL 32541

    Property ID
    US18-Q023999
    1001 Us Highway 98, Destin, FL 32541 For Lease 1 / 3
    $195,000 SF/Yr
    1001 Us Highway 98, Destin, FL 32541
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    Property summary
    AI-generated overview

    Two Drury Plaza Hotel™ outparcels offered for Ground Lease. Rare find, new development! These are the last two undeveloped outparcels on US HWY 98 E in Destin. The Drury Plaza Hotel™ is under construction currently and is scheduled to be completed in the Summer of 2027. Owner may consider Selling. Please contact Listing Agent for more information. Situated on US HWY 98 E, these two outparcels attached to the future home of the Drury Plaza Hotel™, sit less than 5-minutes from the Destin Harbor Boardwalk and are within close proximity to beach access. This is a major tourist destination offering year round visibility and high traffic. Traffic Count: 52,500 (US HWY 98) 2025 Visitors to Destin: 4.5 Million +/- Estimated Tourism Spending: $734 Million +/-

    Property profile
    Verified
    Property type Commercial land
    UPID US18-Q023999
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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