8670 Us-98 Miramar Beach, FL 32550
This exceptional 4,780-square-foot freestanding building, formerly an Applebee's, presents a remarkable leasing opportunity in Miramar Beach, Florida. Located on a 0.88-acre lot at 8670 US-98, this property boasts excellent visibility and accessibility, complemented by a private parking lot. Its strategic location within the Black Creek Rural Town Center zoning, with a Walton County APN of 26-2S-21-42000-001-0131, ensures convenient access to a thriving commercial environment. The property benefits from high traffic volume, with 41,500 average annual daily traffic counts on the nearby Emerald Coast Parkway. This prime location is surrounded by established businesses, including Walmart, Publix, Ascension Sacred Heart, Starbucks, and the Sandestin Resort, catering to a robust local population and the area's significant tourism, attracting approximately 4.2 million visitors annually. The versatile space is suitable for various uses, including restaurants, offices, or medical facilities, making it an ideal investment for a wide range of businesses. Utilities are available, including power. The cross street is Baytowne Rd. This single-tenant building offers a unique chance to establish a presence in a high-demand location within a flourishing coastal community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.