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12244 US-98, Destin, FL 32550

$6,895,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 51,401 Status: Active
Current Price: $6,895,000 List Date: 6/15/2025 Last Modified: 12/31/2025

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,

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.

More Information MLS# 978842

Contract Info

GCCMLS Number: 30547154 Listing Board: Emerald Coast List Date: 2025-06-15 List Price: $6,895,000

Location, Tax and Legal

Sub Area: 1501 - Miramar Beach North Property Name: Tuskers 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

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

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: 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,

Class

Retail: 1

Construction Status

Existing: 1

Retail

Property Type: Freestanding Building SqFt: 26893 # of Units: 1

None

Current Price: $6,895,000

Status Change Info

Status: Active

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

Property Features

Class: Retail Construction Status: Existing
Listing Office: Somers & Company
Last Updated: December - 31 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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