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Office Units with Atrium Space
For Lease
$18 SF/Yr

135 Benning Drive, Destin, FL 32541

Commercial for Lease, Destin, FL

Space Size2,400 SF - 4,800 SF
Lot Size0.72 Acres
Days on Market634

Property Features for 135 Benning Drive

General Information

Property type Commercial Lease
Property subtype Office
Zoning ROI-VR
Directions Follow Hwy 98 to Benning Dr in Destin. Go through the roundabout and the building is at the next intersection of Azalea and Benning
Subdivision 14 - Destin
Standard status Active
APN 00-2S-22-0135-0000-0010
Size 5,284 SF
Lot size 0.72 Acres

Building Details

Year built 1993
Listing Agency: Livin Right Real Estate LLC
Listed By: Matthew N McGee · License #3227750
Added: Dec 27, 2024 Changed: Sep 11 Last Checked: Sep 22 at 7:06PM
MLS# 965267

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 5,284-square-foot office property, built in 1993, combines completed workspace with an unfinished portion that can be configured to suit operational requirements. Approximately half of the building is finished office space, while the remaining area includes a large, open atrium with substantial ceiling height. The finished section measures about 2,400+ square feet and is associated with parking on Azalea Drive; the unfinished section is approximately 2,400+ square feet and has parking on Benning Drive.

The property is zoned ROI-VR, or Residential, Office & Institutional – Village Residential. Administrative offices are permitted as described, while other uses require a conditional-use application with the City. The property encompasses 0.72 acres at 135 Benning Drive in Destin, Florida.

Key Highlights

  • 5,284‑square‑foot office property on 0.72 acres
  • Approximately 2,400+ square feet of finished office space
  • Approximately 2,400+ square feet of unfinished area with a large, open, tall atrium

Property Analytics

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Current Use

Euphoria Wellness Spa Spa & Massage Center Watertree Health Corporate Office

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.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,290
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Destin, FL

$19.98 /SF/Yr
Avg Asking Price
$1.72–$30.92 /SF/Yr
Price Range
15,724 SF
Avg Space Size

This space is priced 10% below the average of $19.98 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Flexible office property with finished and unfinished areas for administrative use or future buildout.
Where is this office units located?
The property is located at 135 Benning Drive Destin, FL.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 5,284‑square‑foot office property on 0.72 acres; Approximately 2,400+ square feet of finished office space; Approximately 2,400+ square feet of unfinished area with a large, open, tall atrium
More about this property
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