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Property profile & analytics
OFF-MARKET
Lifestyle centers

981 Us-98 Destin, FL 32541

84,682 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Lifestyle centers
Total area 84,682 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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