Listing photo for 12244 Us-98, DESTIN, FL
Listing photo for 12244 Us-98, DESTIN, FL
Listing photo for 12244 Us-98, DESTIN, FL
Listing photo for 12244 Us-98, DESTIN, FL
Previous View the Previous slide Next View the next slide

12244 Us-98,

DESTIN, FL

$10,950,000

escalators to service the second floor of the main showroom. Parcel 1 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 & secured "floating" staircase. The structural integrity of the building is phenomenal, and the finishes throughout are exceptional. Parcel 2 contains a warehouse, office, and showroom, situated on approximately 2 acres, and constructed in 2004, measuring approximately 11,282 square feet on two floors. The warehouse contains a broad loading dock area and massive rack system with a lift and guide rails. Both buildings project an architecturally magnificent image. This opportunity is irreplaceable locally, as land development code would neither accommodate this massive yield, nor would a developer endeavor upon such a project, as the inflationary costs of this era, coupled with land costs, (even if such prime vacant land at a traffic light were available), which is non-existent), would likely much exceed $20,000,000.00+. The current business is operating a record-breaking levels, year over year; thus the attributable value to this extremely prime site and assemblage is likely understated. All showings are by appointment only and require 48+ hours advanced notice. The listing broker must accompany all showings. Financial credentials are required prior to confirmation of any showings. Please do not approach any onsite staff.

Need a Rental Projection?

Our Vacation Rental Income Calculator will give you fast and accurate projections of this home and others. We offer a wide range of Services to fit your needs. -- Call us at (850) 612-8787

Free Rental Income Calculator
Facts & Features
MLS® # 898459
Price $10,950,000
Square Footage 138,521
Acres 3.18
Type Commercial Sales
Status Active
Listing Office Somers & Company
Community Information
Address 12244 Us-98
Area 15 - Miramar/Sandestin Resort
City DESTIN
County WALTON
State FL
Zip Code 32550
Amenities
Is Waterfront No
Additional Information
Days on Market 720
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Somers & Company
Photo of Scott Gordon

Scott Gordon

Office: 850-898-1205
Cell: 850-532-4142

DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2024, All rights reserved.
Vendors Member Number : 28325

Listing information last updated on May 3rd, 2024 at 5:00pm CDT.