115 Palmetto Street, Destin, FL 32541

$1,000,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 14,810 Status: Sold
Current Price: $1,095,000 List Date: 4/22/2025 Last Modified: 10/08/2025

Description

Now available for sale is a prime retail property in the heart of Destin, FL. This parcel has been under the same ownership for nearly 40 years and presents a rare opportunity to acquire a value-add building in the sought after North Harbor District. At 3,600sf, the new buyer will be able to take advantage of the bar and kitchen infrastructure that the current owner installed. Located just off of Highway 98, the AADT is 40,000 at the Palmetto St/Highway 98 intersection and has a median-cut to allow access for both east and west bound traffic. A portion of the interior was damaged in a storm and the roof was replaced thereafter in 2021. Call the Listing Agent today for more information and to schedule a showing. Showings will begin the week of March 4, 2024.

More Information MLS# 974485

Contract Info

GCCMLS Number: 30868406 Listing Board: Emerald Coast List Date: 2024-02-29 List Price: $1,095,000

Location, Tax and Legal

Sub Area: 1403 - Destin Northwest Legal Description: CALHOUN S/D S1/2 LOTS 216-218 BLK B

General Property Info

Listed on GCCMLS: Yes Acreage: 0.34

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Now available for sale is a prime retail property in the heart of Destin, FL. This parcel has been under the same ownership for nearly 40 years and presents a rare opportunity to acquire a value-add building in the sought after North Harbor District. At 3,600sf, the new buyer will be able to take advantage of the bar and kitchen infrastructure that the current owner installed. Located just off of Highway 98, the AADT is 40,000 at the Palmetto St/Highway 98 intersection and has a median-cut to allow access for both east and west bound traffic. A portion of the interior was damaged in a storm and the roof was replaced thereafter in 2021. Call the Listing Agent today for more information and to schedule a showing. Showings will begin the week of March 4, 2024.

Class

Retail: 1

Construction Status

Existing: 1

Retail

# of Units: 1

None

Current Price: $1,000,000

Status Change Info

Status: Sold Under Contract Date: 2025-04-21 Sold Date: 2025-09-29 Sold Price: $1,000,000

Location Tax and Legal

Area: 14 - Destin Street #: 115 Street Name: Palmetto Street Suffix: Street State: FL Zip Code: 32541 County: Okaloosa Parcel ID: 00-2S-22-0310-000B-2170

Property Features

Class: Retail Construction Status: Existing
Listing Office: NBI Properties Inc
Last Updated: October - 08 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.