$2,900,000
Destin, FL 32550
MLS# 955342
Status: Sold
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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
Details
Contract Info
GCCMLS Number: 30875580
Listing Board: Emerald Coast
List Date: 2024-07-23
List Price: $2,995,000
Location, Tax and Legal
Sub Area: 1501 - Miramar Beach North
Legal Description: COM SE/C NW4 SEC 29-2S-21W, N 02 DEG 16'03''E 302.05FT TO N ROW ST RD 30 (US 98) N 87 DEG 28'57''W ALG ROW 768.38FT, CONT N 87 DEG 28'57 W ALG ROW 540.18FT TO POB; CONT ALG LAST DESC COURSE 300FT, N 02 DEG 24'37''E 400FT, S 87 DEG 37'23''E 300FT,S 02 DEG 24'37''W 400FT TO POB. OR 1360-139 OR 1360-142 LESS AND EXCEPT: W 174FT OF THE ABOVE DESC PRCL. OR 2925-1601 OR 3264-689
General Property Info
Listed on GCCMLS: Yes
Office Class: A
Vacant: No
Acreage: 1.16
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: 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
Class
Office: 1
Retail: 1
Construction Status
Existing: 1
Office
Year Built: 2015
Building SqFt: 3860
Property Type: Low Rise
# of Units: 1
Lot Features
Coastal Barrier Zone: No
Retail
Year Built: 2015
# of Units: 1
None
Current Price: $2,900,000
Status Change Info
Status: Sold
Under Contract Date: 2025-07-15
Sold Date: 2025-09-18
Sold Price: $2,900,000
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
Property Features
Class: Office; Retail
Construction Status: Existing
Supplements
See attachments for expansion site plan layout
Listing Office: EXP Realty LLC
Last Updated: September - 23 - 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.
