12272 Us Highway 98, DESTIN, FL

$2,995,000

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50,530

Square feet

1.16

Acres

About 12272 Us Highway 98

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

Features of 12272 Us Highway 98

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

Community Information

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

Amenities

Is Waterfront No

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeEXP Realty LLC

Listing Map

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