12272 Us Highway 98, DESTIN

$2,995,000

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0 Bed
0 Bath
50,530 Sqft
1.16 Acres
0 Garage

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-a1c07940e7a2See attachments for expansion site plan layout

Essential Information

Status
Active
MLS® #
955342
Price
$2,995,000
Days On Website
205
Square Footage
50,530
Acres
1.16
Type
Commercial Sales

Community Information

Address
12272 Us Highway 98
Area
Miramar/Sandestin Resort
SubArea
01 SOUTHWEST WALTON NORTH
City
DESTIN
County
WALTON
State
FL
Zip Code
32550

Additional Information

Days on Website
205

Listing Details

Office
EXP Realty LLC
Property History
Price Reduced from $3,249,000 to $2,995,000
Price Reduced from $3,250,000 to $3,249,000
Price Reduced from $3,499,950 to $3,250,000

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Listing information last updated on February 13th, 2025 at 4:30pm CST.