For Sale
$1,095,000

115 Palmetto StDestin, FL 32541

Prime Destin location, high traffic, value-add potential.

Overview

Added:
Feb 3
Days on market:
61
This exceptional commercial property, located at 115 Palmetto Street Unit 115, Destin, Florida, presents a unique investment opportunity. Situated on a 0.34-acre lot in the desirable North Harbor District, this 3,600 square foot building has been under the same ownership for almost four decades. Its prime location offers unparalleled visibility and accessibility, boasting a high average annual daily traffic count of 40,000 vehicles at the Palmetto Street/Highway 98 intersection. A median cut provides convenient access from both eastbound and westbound traffic on Highway 98. The property includes existing bar and kitchen infrastructure, ready for immediate use or customization by the new owner. While a portion of the interior sustained storm damage, the roof was completely replaced in 2021, ensuring structural integrity. This presents a rare chance to acquire a value-add property in a thriving Destin location. Showings begin the week of March 4, 2024. The asking price is $1,095,000.

Property Details for 115 Palmetto St

Property type
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Destin
County
Okaloosa
State
Florida
Latitude
30.39577
Longitude
-86.5078
115 Palmetto St, Destin, Florida

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115 Palmetto St
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