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    34761 Emerald Coast Pkwy Destin, FL 32541

    For Lease
    $35 SF/Yr

    High-traffic retail space, Destin, FL. Excellent visibility.

    Lot size:
    10,753 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 10,753 square foot retail/restaurant strip center is ideally situated on Emerald Coast Parkway (Highway 98) in Destin, Florida. Built in 2016, the single-story building sits on a 1.84-acre lot (79,983 square feet) and is zoned MU-2. Currently, 7,357 square feet of space is available for lease, with a minimum divisible unit of 3,617 square feet and a maximum contiguous space of 3,740 square feet. The property boasts excellent visibility and accessibility, experiencing traffic exceeding 55,000 vehicles daily. Benefit from strong national co-tenancy with Sleep Number and Curaleaf, ensuring high foot traffic and brand synergy. This prime location is within Destin's main retail corridor, surrounded by other national retailers and restaurants. The center enjoys a strategic position across from Plantation Commons shopping center, a major retail hub featuring anchors such as Fresh Market, Home Depot, Marshalls, and HomeGoods. Furthermore, the property benefits from its proximity to the Kelly Plantation neighborhood, a prestigious residential golf community. This presents a unique opportunity for businesses seeking high visibility and a strong customer base in a thriving Destin location.

    Property Features for 34761 Emerald Coast Pkwy

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,753 SF
    Total Rate
    31362.92

    Building Details

    Year Built
    2016
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 104
    Size
    3,617 SF
    Rate per SF
    $35
    Space
    Suite 103
    Size
    3,740 SF
    Rate per SF
    $35

    HighLights

    • 10,753 SF retail/restaurant strip center for lease in Destin, FL.
    • Multiple tenancy with 7,357 SF vacant.
    • Minimum divisible space: 3,617 SF; maximum contiguous space: 3,740 SF.
    • Located on Highway 98 with high traffic counts (55,000+ vehicles/day).
    • Strong national co‑tenancy including Sleep Number and Curaleaf.
    • 1.84 acres (79,983 SF lot), built in 2016.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sleep Number Mattress Store Mr. & Mrs. Scotches ... Restaurant Scotches Bar & Grill Restaurant Scotches Restaurant & Bar Restaurant Mr. & Mrs. Scotches Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Destin
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.43598137
    Latitude
    30.38735199

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space, Destin, FL. Excellent visibility.
    Where is this neighborhood center located?
    The property is located at 34761 Emerald Coast Pkwy Destin, FL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: 10,753 SF retail/restaurant strip center for lease in Destin, FL.; Multiple tenancy with 7,357 SF vacant.; Minimum divisible space: 3,617 SF; maximum contiguous space: 3,740 SF.
    Request Owner's contact information
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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
    34761 Emerald Coast Pkwy Destin, FL 32541
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