Highway Retail
For Lease
$32 SF/Yr NNN
111 US-98, Destin, FL 32541
Commercial for Lease, Destin, FL
Space Size5,100 SF
Lot Size0.46 Acres
Days on Market127
Property Features for 111 US-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
Active
APN
00-2S-22-0300-0000-0010
Size
2,400 SF
Lot size
0.46 Acres
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 11
Last Checked: Sep 11 at 4:06PM
MLS# 1002673
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 space is positioned along US-98 in Destin and is designated for commercial use. The property includes prominent signage and is offered on an NNN lease structure for retail-only users. A 0.46-acre site and 2003 construction date provide additional context for evaluating the property.
The location sits within Destin’s primary commercial corridor, with direct access to Highway 98 and reported traffic of 55,000 vehicles per day. Its setting serves both the local market and visitors traveling through the area, while the property’s highway exposure supports straightforward customer access and business identification.
The location sits within Destin’s primary commercial corridor, with direct access to Highway 98 and reported traffic of 55,000 vehicles per day. Its setting serves both the local market and visitors traveling through the area, while the property’s highway exposure supports straightforward customer access and business identification.
Key Highlights
- Directly located on US‑98 in Destin
- Reported traffic count of 55,000 vehicles per day
- 0.46‑acre commercial property
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
$28.06 /SF/Yr
Avg Asking Price
$11.49–$68.3 /SF/Yr
Price Range
28,517 SF
Avg Space Size
This space is priced 14% above the average of $28.06 /SF/Yr.
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial zoning, prominent signage, and direct US-98 access support retail use in Destin’s established commercial corridor.
Where is this retail space located?
The property is located at 111 US-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: Directly located on US‑98 in Destin; Reported traffic count of 55,000 vehicles per day; 0.46‑acre commercial property
