36468 Emerald Coast Parkway Lot 5, Destin, FL 32541
Okaloosa County
Key Facts
Description
Ability to earn an 8% Cap Rate or More! 3,000 SF Flex Industrial Building - Owner User or Investment - Near Highway Access! Located in the highly desirable Old South Centre commercial corridor along Emerald Coast Parkway/Hwy 98 in Destin, this versatile ±3,250 SF office and warehouse property offers exceptional flexibility for owner-users, contractors, medical operators, service businesses, or investors seeking immediate income and long-term upside. Situated on approximately 0.64 acres with ample on-site parking, dual front and rear access, warehouse/garage functionality, and outstanding visibility in one of Destin's highest-traffic business corridors, the property is currently configured with more than 9 private offices, multiple reception areas, conference space, 3 restrooms, 2 kitchens, and flexible warehouse/storage areas that can support a single headquarters operation or multi-tenant configuration. Built in 2000 within the established Old South Centre business complex and zoned ROI-TD, the property is surrounded by stable professional and medical users while offering convenient access to Highway 98, Miramar Beach, and the greater Destin market. The flexible layout allows for use as one expansive business headquarters or as two separate income-producing suites, each with private access and independent functionality. The left suite is designed for a polished client-facing experience, featuring an inviting waiting room, front desk/concierge area, five private executive offices, a spacious conference room, a his-and-hers restroom, a full kitchen, and direct access to the rear warehouse storage. A secure private connecting door also provides access to the adjoining suite if operated as one larger business. The right suite offers its own professional reception and waiting area, front desk with plexiglass concierge window, two private restrooms, washer/dryer hookups, kitchen, and a large open flex space that is 570 Sq Ft that can serve as additional office buildout, showroom, operational workspace, or expanded warehouse storage. This side also includes its own dedicated access to the rear garage and warehouse space.
Property Information
Property Type
Commercial Sale
Lot Size
0.64 acres
Days on Market
157
MLS® Listing#
994448
Property Features
Financial Details
Parcel Number
002S22194500000050
Directions
The Old South Centre is one mile east of Regatta Bay on the North Side of Emerald Coast Pkwy/98 just before Emerald Bay Golf Course Community. The warehouse is straight in the back.
Affordability Calculator
$165,000
Estimated monthly payment
$4,391/mo
Principal $660,000 · Est. interest $920,759 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Destin, FL
- $639,560
- Median Listing Price
- 115
- Median Days on Market
- 1,500
- Median Sq Ft
- $460
- Median Price / Sq Ft
- 708
- Active Listings
- This home’s price is 29% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Destin, FL.
Location
Points of Interest in Destin, FL
Showing the Destin area map.
Nearby Schools
Destin Middle School
Secondary · 1.7 mi away
Destin High School
Secondary · 2.6 mi away
Gateway Academy
School · 2.9 mi away
Asheford Institute of Antiques
School · 5.2 mi away
Destin Elementary School
Elementary · 5.5 mi away
Bluewater Elementary School
Elementary · 7.3 mi away
Naval School Explosive Ordnance Disposal
School · 8.1 mi away
Emerald Coast Middle School
School · 8.5 mi away
Van R Butler Elementary School
Elementary · 8.5 mi away
Niceville Head Start
School · 9.0 mi away
Addie R Lewis School
Elementary · 9.2 mi away
St. Paul Lutheran Church and School of Niceville
School · 9.4 mi away
James E. Plew Elementary School
Elementary · 9.6 mi away
Ashnick Academy
School · 9.6 mi away
Niceville High School
Secondary · 9.7 mi away
Eglin Elementary School
Elementary · 10.2 mi away
Niceville High School
Secondary · 10.3 mi away
Emerald Coast Autism Center
School · 10.4 mi away
The Tree House Episcopal Montessori School
Elementary · 10.4 mi away
C. W. Ruckel Middle School
Secondary · 10.4 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1002 E Highway 98 UNIT 2003, Destin, FL | $580,000 | 1 | 2 | 873 |
| 940 US-98 120, Destin, FL | $589,000 | 3 | 3 | 1,289 |
| 233 Calusa Boulevard, Destin, FL | $589,000 | 3 | 4 | 2,138 |
| 4666 Sunsail Circle, Destin, FL | $590,000 | 3 | 2 | 1,919 |
| 10 Harbor Boulevard W324, Destin, FL | $590,000 | 3 | 2 | 1,220 |
| 157 Indian Bayou Drive, Destin, FL | $593,500 | 3 | 2 | 2,373 |
Moving Cost Estimate
EXIT Agents in Destin
Listing Courtesy: Watersound Real Estate - 8502317792