12272 Us Highway 98, Destin, FL 32550
$2,900,000
Property Type:
Commercial for Sale
Lot Size (sq. ft.):
50,530
Status:
Sold
Current Price:
$2,900,000
List Date:
7/23/2024
Last Modified:
9/23/2025
Overview
Description
Supplements:
Listing Details MLS# 955342
Status Change Info
- Under Contract Date
- 2025-07-15
- Sold Date
- 2025-09-18
Contract Info
- GCCMLS Number
- 30875580
- Listing Board
- Emerald Coast
Location Tax and Legal
- Area
- 15 - Miramar/Sandestin Resort
- Street #
- 12272
- Street Name
- Us Highway 98
- State
- FL
- Zip Code
- 32550
- County
- Walton
- Parcel ID
- 29-2S-21-42000-011-0012
General Property Info
- Listed on GCCMLS
- Yes
- Office Class
- A
- Vacant
- No
- Acreage
- 1.16
Lot Features
- Coastal Barrier Zone
- No
More Information
Office
- Year Built
- 2015
- Building SqFt
- 3860
- # of Units
- Yes
Retail
- Year Built
- 2015
- # of Units
- Yes
Location, Tax and Legal
- Sub Area
- 1501 - Miramar Beach North
- 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
Listing Info, Tax & Legal
- As Is
- Yes
Remarks & Misc
- Remarks
- 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
Class
- Office
- Yes
- Retail
- Yes
Construction Status
- Existing
- Yes
Property Features
Class:
Office; Retail
Construction Status:
Existing
Listing Office:
EXP Realty LLC
Last Updated: September - 23 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.