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0 Baths

$3,399,500

4635 Gulfstarr Drive, Destin FL, 32541

Price per sqftN/A
Property typeCommercial

Overview

Active

Listed Apr 10, 2025

Updated Aug 1

7.5% CAP RATE on this 2 story CLASS A, FULLY LEASED Medical/Professional office building located in the heart of Destin! Its prime corner location w/a traffic light, provides easy accessibility & significant visibility from the 60,000+ vehicles passing daily along Hwy 98. The corner site also contains a highly visible large marquee sign. Strategically located less than a mile from The Destin Commons, Whole Foods, restaurants & businesses, this professional Office building is fully leased & generated $381,877 annual income in 2025. High quality finishes & architectural appeal accent this 15,000+ SF Class A office space. With 255K estimated 2026 NOI and 7.5% estimated CAP., this opportunity won't last long. The month to month Tenant could vacate if Buyer wants to occupy a potion of the building. Inquire to schedule a private showing.

Additional information

MLS® ID
969488

Interior Features

Bathrooms
0
Basement
No

Exterior Features

Lot Size
1.1 Acres
MLS provider logo

Courtesy of RE/MAX Coastal Properties, 
Listing Contact: 850-499-6930 

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