12244 Us-98, Destin, FL 32550
sale
$5,995,000
|
Other
Courtesy Of Somers &Company
Extraordinary freestanding retail building oriented on a prime corner parcel at a signalized intersection in proximity to the synergistic retail nucleus of Silver Sands Premium Outlets in South Walton County, Florida, and centralized to all the local mixed-use districts, successfully catering to retail patrons from all local peripheral sub-markets, including but not limited to Destin and Scenic 30A of Santa Rosa Beach, Florida. Fronting Highway 98 in Miramar Beach, Florida, +/-50,000 vehicles pass by its 196 fronting feet daily, which convenient ingress and egress lures the traffic into the retail facility through the traffic light at North Geronimo Street and Highway 98 in Miramar Beach, Florida. The current owner has committed significant capital by renovating the building, which even includes escalators to service the second floor of the main showroom. The parcel contains a two-story building, oriented on +/-1.18 acres, hosting prime retail and showroom space, as well as private offices, collectively measuring approximately 26,893 conditioned square feet. There is a 3rd floor that accommodates a spectacular executive office, accessible via a private "floating" staircase. The structural integrity of the building is phenomenal, and the finishes throughout are exceptional. This opportunity is irreplaceable, as Walton County land development code would neither accommodate this expansive yield, nor would a developer endeavor upon such a project, as the development and building costs indicative of this era, coupled with land costs, (even if such prime vacant commercial land at a traffic light were available, which is nearly non-existent), would likely exceed $15m+. All showings are by appointment only and require advanced notice. The listing broker(s) must accompany all showings.
Read More About This Property
Read Less About This Property
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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.
Property Features
- Legal Description: COMMENCE AT THE NE/C OF THE NE1/4 OF THE NW1/4 OF SW4 OF SEC 28, N 87 DEG 29'14'' W ALONG N LINE OF SW4 128.09 FT TO THE P.O.B. THENCE CONTINUE N 87 DEG 29'14'' W ON SAID N LINE A DISTANCE OF 162.96 FT TO THE POINT OF INTERSECTION WITH THE EAST R/W LINE OF 66 FT WIDE ROAD THENCE DEPARTING SAID NORTH LINE PROCEED S 02 DEG 02'37'' W ON SAID EAST R/W OF ROAD A DISTANCE OF 254.46 FT TO THE POINT OF IN
- MLSID: 978842
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
