12272 Us Highway 98 Miramar Beach, FL 32550
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Prime Destin Storefront, High ROI
Property size:
3,860 SFProperty Features for 12272 Us Highway 98
General Information
- Property type
- Retail space
- Square Feet
- 3,860 SF
- Class
- A
- Lot Size
- 26,136 SF
Building Details
- Year Renovated
- 2023
Listing Agency: eXp Realty Listing Agent: Greg Ganske
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Location Intelligence
Current Use by Public Records
Retail space
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?
Retail space - Prime Destin Storefront, High ROI
Where is this retail space located?
The property is located at 12272 Us Highway 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.
