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    981 Us-98 Destin, FL 32541

    For Lease
    $27 SF/Yr

    High-traffic Destin retail space; two units available.

    Lot size:
    84,682 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This prime retail space, totaling 84,682 square feet, presents a unique investment opportunity in Destin, Florida. Located in the heart of the Emerald Coast's primary retail corridor, this Winn-Dixie anchored shopping center boasts exceptional visibility and accessibility from Highway 98, a major thoroughfare with over 60,000 vehicles passing daily. Currently, there are two available spaces totaling approximately 1,400 square feet, offering flexibility for various retail concepts. The center benefits from a strong co-tenant mix, including established businesses such as Winn Dixie, Kwench Juice, Island Wings, Another Broken Egg Cafe, UPS Store, Mimmo's, Great Clips, a salon, and Workout Anytime, creating a vibrant and synergistic retail environment. Destin's rapid growth, ranking as the third fastest-growing Metropolitan Statistical Area (MSA) in the U.S. with over 22% growth since 2000, further underscores the investment potential of this property. The property's Assessed Parcel Number (APN) is 00-2S-22-0098-0000-0010. This is an exceptional opportunity to secure a foothold in a thriving retail market with high visibility and strong tenant synergy. The property offers a combination of established businesses and available space, making it an attractive investment for both established and emerging retailers.

    Property Features for 981 Us-98

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    84,682 SF
    Total Rate
    190534.5

    Unit(s) available at that property

    Space
    C
    Size
    1,400 SF
    Rate per SF
    $27
    Space
    H
    Size
    1,400 SF
    Rate per SF
    $27

    HighLights

    • High‑demand retail space in Destin's prime retail corridor.
    • High‑traffic location with over 60,000 vehicles daily on Hwy 98.
    • Exceptional visibility from Highway 98.
    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 Dental Office Spa & Massage 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
    Destin
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.477461
    Latitude
    30.3901697

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic Destin retail space; two units available.
    Where is this lifestyle center located?
    The property is located at 981 Us-98 Destin, FL.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: High-demand retail space in Destin's prime retail corridor.; High-traffic location with over 60,000 vehicles daily on Hwy 98.; Exceptional visibility from Highway 98.
    Request Owner's contact information
    981 Us-98 Destin, FL 32541
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    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
    981 Us-98 Destin, FL 32541
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