12272 Us-98 Destin, FL 32550

This exceptional commercial property in Miramar Beach, Florida, presents a compelling investment opportunity. The existing building boasts nearly 5,000 square feet and is currently generating income through long-term leases, including a tenant occupying the second floor. The property offers a strong 7% cap rate, making it an attractive prospect for investors seeking a stable return. A significant expansion opportunity exists, with the potential to add an additional 8,300 square feet to the existing structure. This versatile building is ideal for an owner-user seeking to occupy the first floor while maintaining the existing rental income. The property is situated in a thriving commercial area of Miramar Beach, known for its robust tourism and business activity. An additional 0.65 acres of land behind the main building are available for purchase for $550,000. Purchasing this additional land is contingent upon simultaneous purchase of the main building. If the buyer wishes to purchase only the front building, the closing will be subject to the property undergoing a subdivision process with Walton County. The acreage is approximate and will be finalized upon completion of the subdivision. A virtual tour is available for a detailed view of the property. This is a rare opportunity to acquire a high-yield commercial property with significant growth potential in a desirable location.