115 Palmetto St Destin, FL 32541-2319

This exceptional commercial property, located at 115 Palmetto Street Unit 115, Destin, Florida, presents a unique investment opportunity. Situated on a 0.34-acre lot in the desirable North Harbor District, this 3,600 square foot building has been under the same ownership for almost four decades. Its prime location offers unparalleled visibility and accessibility, boasting a high average annual daily traffic count of 40,000 vehicles at the Palmetto Street/Highway 98 intersection. A median cut provides convenient access from both eastbound and westbound traffic on Highway 98. The property includes existing bar and kitchen infrastructure, ready for immediate use or customization by the new owner. While a portion of the interior sustained storm damage, the roof was completely replaced in 2021, ensuring structural integrity. This presents a rare chance to acquire a value-add property in a thriving Destin location. Showings begin the week of March 4, 2024. The asking price is $1,095,000.