The Resort Real Estate Experts

12598 Us Highway 98

Miramar Beach , FL 32550

MLS#: 894590

$6,500,000

Status: Closed
Listing number: 894590
Listing provided by: TLG Real Estate Services Destin PLLC
Listing agent phone: None
Last update: 9 months ago
On site: 3 years ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Sq.Footage

N/A

Fully occupied office building with direct Hwy.98 frontage in Miramar Beach. Excellent location less than 1/4 mile to the intersection of Hwy.98 and N. Holiday Rd. Many recent upgrades and improvements including interior build-outs, roof, exterior paint, bathrooms, and breakrooms. Tenants include BOTE, Emerald Coast Urgent Care, Alfonso Dance Academy, and others.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    1.84

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $6,500,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

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Location

County

Walton

Elementary School

Middle School

High School

Listing Courtesy of Brandon J Cramer , TLG Real Estate Services Destin PLLC

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Fully occupied office building with direct Hwy.98 frontage in Miramar Beach. Excellent location less than 1/4 mile to the intersection of Hwy.98 and N. Holiday Rd. Many recent upgrades and improvements including interior build-outs, roof, exterior paint, bathrooms, and breakrooms. Tenants include BOTE, Emerald Coast Urgent Care, Alfonso Dance Academy, and others.

12598 Us Highway 98

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Related Properties

This subject listing offers the Tusker's warehouse, excluding the freestanding retail building fronting Highway 98 (freestanding retail building also available via MLS 978842). This rare assemblage of prime retail, showroom, and warehouse does not currently exist in the local market, which is adjacent to the synergistic retail nucleus of Silver Sands Premium Outlets and centralized to all the local mixed-use districts, successfully drawing population 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, nearly 50,000 vehicles pass by its 196 fronting feet daily, which ingress and egress lures the traffic into the retail facilities through the convenience of... the traffic light at N. Geronimo Street and Highway 98. The current owner has committed significant capital to renovate both buildings, which even includes approximately $300,000 for new escalators to service the second floor of the main showroom. Parcel 1 contains a two-story building, oriented on ??1.18 acres, hosting prime retail and showroom space, as well as private offices, collectively measuring ??26,893 conditioned square feet. There is a 3rd floor that accommodates a spectacular executive office, accessible via a private & secured "floating" staircase. The structural integrity of the building is phenomenal, and the finishes throughout are exceptional. Parcel 2 contains a warehouse, office, and showroom, situated on ??2 acres, and constructed in 2004, measuring ??11,282 SF on two floors. The warehouse contains a broad loading dock area and massive rack system with a lift and guide rails. Both buildings project an architecturally magnificent image. This opportunity is irreplaceable locally, as land development code would neither accommodate this massive yield, nor would a developer endeavor upon such a project, as the inflationary costs of this era, coupled with land costs, (even if such prime vacant land at a traffic light were available, which is non-existent), would likely much exceed $20,000,000+. The current business is operating a record-breaking levels, year over year; thus the attributable value to this extremely prime site and assemblage is likely understated. All showings are by appointment only and require a minimum of 48+ hours advanced notice. The listing broker must accompany all showings. Financial credentials are required prior to confirmation of any showings. Please do not approach any onsite staff.
#979969

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106 N Geronimo Street

None Beds

None Baths

N/A

$5,950,000

MLS#: 979969

Price Reduced...Prime Commercial / Mixed Use Development Opportunity in Miramar Beach, FL. This High & Dry 6.06 acres sits along Highway 98 with a traffic count over 53,000 cars per day (FDOT 2023). This property can be purchased as a whole or subdivided into outparcels. The seller is willing to entertain a Sale, Ground Lease or Build to Suit. This parcel has 125,000 SF Mixed Use density entitled within this PUD. Frontage Outparcels @ $30/SF; Rear Parcels @ $24/SF. Offsite Retention creating more buildable square footage.
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6.06 Acres ~ Highway 98 Frontage

None Beds

None Baths

N/A

$6,495,000

MLS#: 915930

- property

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