Mixed-Use Land for Sale in Destin, Florida
12272 US-98 Destin, FL 32550
Freestanding Building in Miramar Beach, FL with Expansion Potential
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 vibrant 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 8,000 sq ft of improvements, perfect for expanding current operations.
Tenancy: Secure income stream with Causeway Coffee occupying the second floor with a long-term lease. This Listing is for the front building and current parking. 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.
Directions
North side of 98 just to the west of Gold's Gym and just to the east of Holiday Rd Intersection
Location
- Street Address
- 12272 US-98
- County
- Walton County
- Community
- Miramar/Sandestin Resort
- Elevation
- 13 feet
Property details
- MLS Number
- ECARMLS 961517
- Date Posted
Parcels
- 29-2S-21-42000-011-0012
Legal description
COM SE/C NW4 SEC 29-2S-21W, N 02 DEG 16'03''E 302.05FT TO N ROW ST RD 30 (US 98) N 87 DEG 28'57''W ALG ROW 768.38FT, CONT N 87 DEG 28'57 W ALG ROW 540.18FT TO POB; CONT ALG LAST DESC COURSE 300FT, N 02 DEG 24'37''E 400FT, S 87 DEG 37'23''E 300FT,S 02 DEG 24'37''W 400FT TO POB. OR 1360-139 OR 1360-142 LESS AND EXCEPT: W 174FT OF THE ABOVE DESC PRCL. OR 2925-1601 OR 3264-689
Resources
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Nov 8, 2024 | Price drop | $2,699,000 | $1,000 -0.04% | ECARMLS |
Oct 21, 2024 | New listing | $2,700,000 | — | ECARMLS |