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Destin Commons: Retail & Office
For Lease
$27 SF/Yr

4008-4367 Legendary Drive, Destin, FL 32541

Premier retail, dining, entertainment, and office space on Emerald Coast.

Space SizeContact for details
Property Size160,000 SF
Days on Market256

Property Features for 4008-4367 Legendary Drive

General Information

Standard status Active
Size 160,000 SF
Property subtype Office
Listing Agency: CBRE | Jacksonville
Listed By: Thomas Watson
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 10 Last Checked: Aug 4 at 6:39AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Jacksonville

Investment Insights

Based on property information with market context.

Destin Commons, situated on 56 acres, encompasses over 650,000 square feet and provides a blend of retail, dining, and entertainment options, along with customizable Class-A office spaces located on the Emerald Coast. Its location at the foot of the Mid-Bay Bridge and Emerald Coast Parkway (US Highway 98) ensures accessibility from surrounding areas, Destin-Fort Walton Beach Airport (VPS), and Eglin Air Force Base. Various office suites and configurations are available, including turn-key offices and first-generation shell space.

Key Highlights

  • Unparalleled location at the foot of the Mid‑Bay Bridge and Emerald Coast Parkway (US Highway 98).
  • Spanning over 650,000 square feet on 56 acres.
  • Exceptional mix of retail, dining, and entertainment experiences.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop Building Supply Auto Parts Store Grocery & Convenience Store Electrical Service Garden Center

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
$4.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,005
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

Market

Lease Benchmarks for Destin, FL

$24.04 /SF/Yr
Avg Asking Price
$8–$74.48 /SF/Yr
Price Range
13,309 SF
Avg Space Size

This space is priced 12% above the average of $24.04 /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
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Frequently Asked Questions

What type of property is this?
Office units - Premier retail, dining, entertainment, and office space on Emerald Coast.
Where is this office units located?
The property is located at 4008-4367 Legendary Drive Destin, FL.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: Unparalleled location at the foot of the Mid‑Bay Bridge and Emerald Coast Parkway (US Highway 98).; Spanning over 650,000 square feet on 56 acres.; Exceptional mix of retail, dining, and entertainment experiences.
More about this property
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