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    862 Us-98 Destin, FL 32541

    Sponsored
    For Lease
    $20 SF/Yr

    Destin, FL Retail Center - High Traffic

    Lot size:
    70,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 70,000 square foot retail strip center in Destin, Florida, presents a prime investment opportunity. Located at 862 US-98, this 6.03-acre property boasts high visibility and substantial traffic flow exceeding 51,000 vehicles daily. Built in 1985 and zoned commercial, the center currently has 3,300 square feet of available space, with individual units ranging from 1,008 to 3,372 square feet. The property benefits from its strategic location adjacent to major retailers such as Target and Winn-Dixie, ensuring consistent foot traffic. This thriving center is surrounded by a strong tenant mix including Walgreens, CVS, Jimmy Johns, The UPS Store, McDonald's, Krispy Kreme, West Marine, Jersey Mike's, Trulieve, Capriccio Cafe, and Bric à Brac Restaurant. The average household income in the area is $82,427, indicating a strong consumer base. Okaloosa County zoning ensures a versatile range of retail uses. This is an unparalleled opportunity to establish or expand your business in a high-demand location within a well-established and successful shopping center. The property's size, location, and existing tenant base make it an attractive proposition for businesses seeking high visibility and strong consumer traffic. Contact us today to learn more about the available spaces and lease terms.

    Property Features for 862 Us-98

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    70,000 SF
    Total Rate
    116666.67

    Building Details

    Year Built
    1985

    Unit(s) available at that property

    Space
    Suite A-1
    Size
    3,300 SF
    Rate per SF
    $22
    Space
    Suite B-4
    Size
    1,008 SF
    Rate per SF
    $20
    Space
    B-1 and B-2
    Size
    3,372 SF
    Rate per SF
    $20

    HighLights

    • High‑profile corner location at Hwy 98 and Holiday Isle.
    • Attractive retail rental rates.
    • Strong average household income of $82,427.
    • Excellent street and pylon signage opportunities.
    • Exceptional visibility from Hwy 98.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Destin
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.4797124
    Latitude
    30.3880267

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    FAQs

    What type of property is this?
    Neighborhood center - Destin, FL Retail Center - High Traffic
    Where is this neighborhood center located?
    The property is located at 862 Us-98 Destin, FL.
    What is the lease rate?
    The lease rate is $20-$22 SF/Yr.
    What are key features of this property?
    This property features: High-profile corner location at Hwy 98 and Holiday Isle.; Attractive retail rental rates.; Strong average household income of $82,427.
    Request Owner's contact information
    862 Us-98 Destin, FL 32541
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    862 Us-98 Destin, FL 32541
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