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    12272 Us-98 Miramar Beach, FL 32550

    For Sale
    $2,699,000

    Prime Destin Storefront, High ROI

    Property size:
    3,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A, 3,860 sq ft storefront in Miramar Beach, Florida, presents a compelling owner-user investment opportunity. Located on US-98 in Walton County, this property boasts a strong existing tenant, Causeway Coffee, occupying the second floor under a long-term lease, providing immediate income. The building, renovated in 2023, sits on a sizable lot ranging from 0.6 to 1.15 acres, offering significant expansion potential. The asking price of $2,699,000 covers the main building and the front half of the property. An additional 0.5 acres is available for purchase at $550,000, allowing for up to an 8,000 sq ft expansion. The versatile space is suitable for various uses, including retail, office, or mixed-use development, making it an ideal investment for those seeking a high-return property in a thriving tourist destination. The property's prime location and substantial size, combined with the existing income stream, make it a rare find in the competitive Miramar Beach market. A virtual tour is available. The zip code is 32550.

    Property Features for 12272 Us-98

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,860 SF
    Class
    A
    Lot Size
    26,136 SF

    Building Details

    Year Renovated
    2023

    HighLights

    • $2,699,000 asking price for a 3,860 SF Class A retail storefront in Destin, FL.
    • Owner/user opportunity with Causeway Coffee as a long‑term tenant.
    • Located in Miramar Beach, FL, on a .6 - 1.15 acre lot, with potential for an 8,000 SF expansion on an additional parcel available for $550,000.
    • Recently renovated in 2023, offering high‑quality finishes.
    • $699.22 price per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3763596
    Latitude
    30.3856613

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    FAQs

    What type of property is this?
    Individual retail property - Prime Destin Storefront, High ROI
    Where is this individual retail property located?
    The property is located at 12272 Us-98 Miramar Beach, FL.
    What is the asking price?
    The asking price for this property is $2,699,000.
    What are key features of this property?
    This property features: $2,699,000 asking price for a 3,860 SF Class A retail storefront in Destin, FL.; Owner/user opportunity with Causeway Coffee as a long-term tenant.; Located in Miramar Beach, FL, on a .6 - 1.15 acre lot, with potential for an 8,000 SF expansion on an additional parcel available for $550,000.
    Request Owner's contact information
    12272 Us-98 Miramar Beach, FL 32550
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    Miramar Beach, FL 32550
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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
    12272 Us-98 Miramar Beach, FL 32550
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