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12272 Us Highway 98

Destin, FL 32550
  • $2,995,000
  • STATUS: Active
  • ON SITE: 304 Days
  • MLS #: 955342
UPDATED: 38 min ago
$2,995,000
  • 0
    BEDS
  • 1.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

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

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© 2025 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Coastal Connection at eXp Realty. Vendor Member number: 28178. Data last updated: 2025-05-24T15:00:46.977.
Vendor Member #28178.
www.thecoastalconnectionpropertysearch.com/homes/152883813
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12272 Us Highway 98 Destin, FL 32550

  • Price: $2,995,000
  • Status: Active
  • On Site: 304 Days
  • Updated: 38 min ago
  • MLS #: 955342
0
Beds
0
Baths
0
½ Baths
1.16
Acres
Neighborhood:
Miramar/Sandestin Resort
County:
Walton
Area:
Miramar/Sandestin Resort
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
Exterior Features

Waterfront Features []

Property Features

New Construction YN No Property Condition Existing Special Listing Conditions []

Listing courtesy of EXP Realty LLC: 888-883-8509.


© 2025 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Coastal Connection at eXp Realty. Vendor Member number: 28178. Data last updated: 2025-05-24T15:00:46.977.
Vendor Member #28178.
 
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