Listed By: Paul Salter Show Phone

Added: Feb 13, 2025 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This 6.06-acre commercial parcel is located in Destin, Florida, directly on Highway 98. The property has over 500 feet of road frontage and benefits from visibility and accessibility. The location experiences a daily traffic count exceeding 53,000 vehicles (FDOT 2023 data). The property is zoned for mixed-use development with a density allowance of 125,000 square feet, allowing for a range of development possibilities, from large-scale projects to smaller, subdivided outparcels. The seller is open to various transaction structures, including outright sale, ground lease, or build-to-suit arrangements. This property presents a commercial land holding in a high-growth area with infrastructure and high traffic volume. The property's location in Destin enhances its investment potential. The land is divisible into smaller parcels.

Property Analytics

Current Use

Land

Suggested Use

Top Pick Dental Office Law Firm Barber Shop Catering Service Accounting Firm (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,303

Businesses Nearby

Explore this area Business Placement

Demographics for 32550, FL

7,828

Population

14,909

Households

0.5

Avg Household Size

58

Median Age

55%

College-Educated

98%

High-School Grad

7.0 sq mi

ZIP Area

1,118

Density / Sq Mi

$96,269

Median Household Income

$60,634

Median Earnings

$2,108

Median Rent

$679,800

Median Home Value

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Frequently Asked Questions

What type of property is this?

Land - Prime Commercial Vacant Land For Sale ~ Highway 98 Frontage ~ 6 AC, will divide

Where is this land located?

The property is located at 13331 HWY 98 Destin, FL.

What is the asking price?

The asking price for this property is $6,900,000.