Florida
Destin
12272 Us Highway 98

$2,995,000

12272 Us Highway 98, Destin, FL 32550

Commercial Property
Built in ——
1.16acre lot
—— car garage
$——/sqft
Listed 10 months ago

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 See attachments for expansion site plan layout

Listing Status:: Active
Date Added:: July 23, 2024 at 05:00AM
Listing Office:: EXP Realty LLC : 888-883-8509
Listing Agent:: Gregory E Ganske : 512-769-3230
MLS ID:: 955342

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

This listing courtesy of Gregory E Ganske, EXP Realty LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Van R. Butler Elementary School

6694 W County Highway 30A, Santa Rosa Beach, FL, 32459

Grades KG-5

7.05 miles away

Seaside Neighborhood School

10 Smolian Cir, Santa Rosa Beach, FL, 32459

Grades 5-12

14.87 miles away

South Walton High School

645 Greenway Trl, Santa Rosa Beach, FL, 32459

Grades 9-12

11.67 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.