4635 Gulfstarr Drive
Destin, FL 32541
$3,399,500
Active
Description
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.
Listing details MLS# 969488
Location, Tax and Legal
- Area
- 14 - Destin
- Sub area
- 1404 - Destin Beach East
- County
- Okaloosa
- Parcel ID
- 00-2S-22-2380-0000-0010
- Legal description
- SUNSAIL PLAZA S/D LOT 1
General Property Info
- Property type
- Commercial for Sale
- Acreage
- 1.1
- Lot size (sq ft)
- 47916
- Lot dimensions
- 100 X 250 X 82 X 250
- New construction
- No
- Condition
- Existing
Remarks and Misc
- Directions
- From HWY 98, Turn South at the traffic light onto Regatta Bay Blvd. Take the 1st Left onto Gulfstarr Dr. & immediate Left into the Parking Lot. Property is located on the Corner of Gulfstarr Dr. & Regatta Bay Blvd. with frontage on HWY 98.
