$6,895,000
Destin, FL 32550
MLS# 978842
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Property Description
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,
Details
None
Current Price: $6,895,000
Status Change Info
Status: Active
Contract Info
GCCMLS Number: 30547154
List Date: 2025-06-15
List Price: $6,895,000
Listing Board: Emerald Coast
Location Tax and Legal
Area: 15 - Miramar/Sandestin Resort
Street #: 12244
Street Name: US-98
State: FL
Zip Code: 32550
County: Walton
Parcel ID: 28-2S-21-42000-003-0060
General Property Info
Listed on GCCMLS: Yes
Property Information: Sale would include the following subject property.
12244 US Highway 98 West, Miramar Beach, FL 32550
Walton County, Florida: 28-2S-21-42000-003-0060
Vacant: No
Immediate Occupancy: Yes
Acreage: 1.18
Retail
Building SqFt: 26893
# of Units: 1
Property Type: Freestanding
Property Features
Class: Retail
Construction Status: Existing
Supplements
which even includes escalators to service the second floor of the main showroom. The parcel contains a two-story building, oriented on approximately 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+. The current business is winding down its operation, and thus, occupancy should be plausible by ±March, 2026. All showings are by appointment only and require advanced notice. The listing broker(s) must accompany all showings.
Listing Office: Somers & Company
Last Updated: December - 31 - 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.
