34761 Emerald Coast PkwyDestin, FL 32541

Property Details for 34761 Emerald Coast Pkwy

Year built

2016

Construction

STEEL FRAME

Lot size

3.02 AC

Property size (Sq ft)

13,318 SF

Property type

Retail space

APN

00-2S-22-0000-0001-A240

APU

002S2200000001A240

Description

This exceptional 10,753 square foot retail/restaurant strip center is ideally situated on Emerald Coast Parkway (Highway 98) in Destin, Florida. Built in 2016, the single-story building sits on a 1.84-acre lot (79,983 square feet) and is zoned MU-2. Currently, 7,357 square feet of space is available for lease, with a minimum divisible unit of 3,617 square feet and a maximum contiguous space of 3,740 square feet. The property boasts excellent visibility and accessibility, experiencing traffic exceeding 55,000 vehicles daily. Benefit from strong national co-tenancy with Sleep Number and Curaleaf, ensuring high foot traffic and brand synergy. This prime location is within Destin's main retail corridor, surrounded by other national retailers and restaurants. The center enjoys a strategic position across from Plantation Commons shopping center, a major retail hub featuring anchors such as Fresh Market, Home Depot, Marshalls, and HomeGoods. Furthermore, the property benefits from its proximity to the Kelly Plantation neighborhood, a prestigious residential golf community. This presents a unique opportunity for businesses seeking high visibility and a strong customer base in a thriving Destin location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,651,466

  6.5%

  $2,447,507

  7%

  $2,272,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,271,498

  Geo Method

  $2,385,877

• Alternative Use

  Use

  Valuation

  Residential

  $2,064,564

  Hospitality

  $1,891,130

  Educational

  $1,573,398

  Medical

  $1,627,509

  Retail

  $2,447,507

Location Insight

City

Destin

County

Okaloosa

State

Florida

Latitude

30.3879

Longitude

-86.436

CBSA code

18880

CBSA name

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

Property Tax & Assessments

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