1. Florida
2. Destin
3. 12272 US-98

12272 US-98, Destin, FL 32550

Property Description

Freestanding Building in Miramar Beach, FL with 8,300 ft Expansion Potential!! Investors take note!!! 7% cap rate with long term leases on current building!!! Welcome to this prime commercial property in Miramar Beach, Florida, This versatile building presents a unique income-producing opportunity, ideal for an owner-user looking to occupy the first floor while retaining a long-term tenant, Causeway Coffee, on the second floor. Key Features: Location: Located in the community of Miramar Beach, Florida, known for its tourism and commercial activities. Size: Nearly 5,000 ft of existing building footprint with potential for an additional 8,300 sq ft of improvements. Click here for a virtual tour of the building: https://tour.pivo.app/view/68be7b34-f5d2-493b-873e-a1c07940e7a2 The approx 0.5 acres behind the building can be purchased for an additional $550K if purchased along with the front building. If purchaser wants to purchase the front building only, the closing will be subject to the property going through the subdivision process with Walton County. The acreage listed is only an approximate and will be finalized once the subdivision process has been completed.

Listing Status:

Active

Date Added:

October 21, 2024 at 05:00AM

Listing Office:

EXP Realty LLC : 888-883-8509

Listing Agent:

Gregory E Ganske : 512-769-3230

MLS ID:

961517

Location

• Originating MLS: Emerald Coast Association of REALTORS®
• County: Walton

Lot

Financial

This listing courtesy of Gregory E Ganske, EXP Realty LLC