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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

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

Supplements: See attachments for expansion site plan layout

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

Property Features

Class: Office; Retail Construction Status: Existing

Listing Office: EXP Realty LLC

Last Updated: September - 23 - 2025

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