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Property profile & analytics
OFF-MARKET
Neighborhood centers

862 Us-98 Destin, FL 32541

70,000 SF Built 1985
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Neighborhood centers
Year built 1985
Total area 70,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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