12272 Us-98Miramar Beach, FL 32550

Property Details for 12272 Us-98

Lot size

0.60 AC

Property size (Sq ft)

3,860 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional Class A, 3,860 sq ft storefront in Miramar Beach, Florida, presents a compelling owner-user investment opportunity. Located on US-98 in Walton County, this property boasts a strong existing tenant, Causeway Coffee, occupying the second floor under a long-term lease, providing immediate income. The building, renovated in 2023, sits on a sizable lot ranging from 0.6 to 1.15 acres, offering significant expansion potential. The asking price of $2,699,000 covers the main building and the front half of the property. An additional 0.5 acres is available for purchase at $550,000, allowing for up to an 8,000 sq ft expansion. The versatile space is suitable for various uses, including retail, office, or mixed-use development, making it an ideal investment for those seeking a high-return property in a thriving tourist destination. The property's prime location and substantial size, combined with the existing income stream, make it a rare find in the competitive Miramar Beach market. A virtual tour is available. The zip code is 32550.

Location Insight

City

Miramar Beach

County

Walton

State

Florida

Latitude

30.3857

Longitude

-86.3764

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