12272 Us-98 Miramar Beach, FL 32550
- Retail properties
- 3,860 SF
- 0.60 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Balloon Store / Candy Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 12272 Us-98
- Lot size
- 0.60 lot acres
- Property size
- 3,860 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miramar Beach
- County
- Walton
- State
- Florida
- Longitude
- -86.3764
- Latitude
- 30.3857
