Retail Space with Highway
For Lease
$32 SF/Yr
Pending
111 U.S 98, Destin, FL 32541
Commercial for Lease, Destin, FL
Space Size2,400 SF - 5,100 SF
Lot Size0.46 Acres
Days on Market143
Property Features for 111 U.S 98
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
Commercial
Directions
Take US-98 West toward Destin. Continue through Miramar Beach and into Destin. Pass Destin Commons and continue west on Hwy 98. After you pass HarborWalk Village (on your left), continue about 0.3 miles. The property will be on your left (south side of Hwy 98).
Subdivision
14 - Destin
Standard status
Pending
APN
00-2S-22-0300-0000-0010
Size
5,100 SF
Lot size
0.46 Acres
Amenities
prominent signage
Building Details
Year built
2003
Listing Agency:
NBI Properties Inc
(850) 243-0007
Listed By:
Dustin Parkman · License #3307056
(850) 218-8408
Added: May 8
Changed: Sep 21
Last Checked: Sep 27 at 1:06AM
MLS# 1002672
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail property at 111 U.S. 98 in Destin includes 5,100 square feet of space on a 0.46-acre site. Built in 2003, the property is zoned Commercial and is designated for retail-only users. Prominent signage and direct highway access support customer-facing operations.
The property sits on Highway 98 with a reported daily traffic count of 55,000 vehicles. A separate 2,400-square-foot back portion is also available, offering additional retail, storage, or complementary space. The lease structure is NNN, and the property is located in Destin, Florida, within Okaloosa County.
The property sits on Highway 98 with a reported daily traffic count of 55,000 vehicles. A separate 2,400-square-foot back portion is also available, offering additional retail, storage, or complementary space. The lease structure is NNN, and the property is located in Destin, Florida, within Okaloosa County.
Key Highlights
- 5,100 SF retail property on a 0.46‑acre site
- Directly positioned on Highway 98 in Destin
- Reported daily traffic count of 55,000 vehicles
Property Analytics
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Current Use
Lease Details
55,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,149
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 87%
Hotels & Casinos 10%
Home Improvements & Furnishings 2%
Shops & Services 1%
Whataburger
Dining
21,055 visits/mo
0.1 miles
Inn on Destin Harbor, Ascend Hotel Collection
Hotels & Casinos
1,397 visits/mo
0.4 miles
Motel 6
Hotels & Casinos
1,101 visits/mo
0.5 miles
Moe's Original Bar B Que
Dining
790 visits/mo
0.2 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
627 visits/mo
0.2 miles
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
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Market
Lease Benchmarks for Destin, FL
$30.39 /SF/Yr
Avg Asking Price
$11.49–$68.3 /SF/Yr
Price Range
25,266 SF
Avg Space Size
This space is priced 5% above the average of $30.39 /SF/Yr.
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail-only space with prominent signage and direct access along a major commercial corridor.
Where is this retail space located?
The property is located at 111 U.S 98 Destin, FL.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: 5,100 SF retail property on a 0.46‑acre site; Directly positioned on Highway 98 in Destin; Reported daily traffic count of 55,000 vehicles
