35000 Emerald Coast PkwyDestin, FL 32541

Property Details for 35000 Emerald Coast Pkwy

Year built

1988

Construction

FRAME

Lot size

1.06 AC

Property size (Sq ft)

10,671 SF

Property type

Commercial real estate

APN

00-2S-22-0000-0001-039A

APU

002S2200000001039A

Description

This exceptional commercial property, situated on a 1.06-acre lot at the corner of US Highway 98 and Crystal Beach Drive in Destin, Florida, presents a unique investment opportunity. Boasting 188 feet of frontage on the bustling Emerald Coast Parkway, this two-story building offers unparalleled visibility and accessibility. Previously used as a real estate and rental office, the versatile space is ready for immediate occupancy or redevelopment. The interior features a welcoming reception area, multiple private offices, break rooms, and restrooms on both the first and second floors, providing ample space for a variety of businesses. The property also includes a substantial parking area, ensuring convenient access for employees and clients. Its strategic location offers easy access to the Mid-Bay Bridge, a wide array of shopping and dining establishments, and the Destin private airport, making it an ideal location for businesses seeking high visibility and convenient access to major transportation routes. The property's size and location make it suitable for a range of commercial uses, presenting significant potential for growth and return on investment. This is a rare opportunity to acquire a prime commercial property in the heart of Destin's thriving business district.

• CAP approach

  CAP return

  Valuation

  6%

  $1,637,920

  6.5%

  $1,511,930

  7%

  $1,403,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $722,234

  Geo Method

  $758,601

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,858,510

  Retail / Commercial

  $1,488,950

  Mixed-Use / Specialty

  $1,501,870

  Hospitality / Lodging

  $1,125,600

  Office

  $1,511,930

  Institutional / Educational

  $1,567,850

  Residential Income

  $1,834,380

  Multifamily

  $2,099,040

  Automotive / Energy

  $1,343,870

  Parking / Income-Based Land

  $445,749

  Restaurant / Food Service

  $820,024

  Healthcare / Senior Housing

  $1,521,450

Location Insight

City

Destin

County

Okaloosa

State

Florida

Latitude

30.389

Longitude

-86.4214

CBSA code

18880

CBSA name

CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].