A unique opportunity for development and investment is available at one of the most premium commercial parcels located in Destin. This property encompasses five acres at the southwest corner of Emerald Coast Parkway and Matthew Boulevard. It boasts a premier central location with an impressive traffic count. This is due to the fact that Matthew Boulevard adjoins Emerald Coast Parkway at this juncture acting as the far most western outlet from Scenic Highway 98 to the main east-west corridor that connects Destin to Miramar Beach. It is also only one block from the Mid Bay Bridge road, which serves as the only northern access to Destin. This area has boomed within the past 15 years due to its convenient strategic location. In 2002 only the Paradise Key Shopping Center, which includes the Publix store was located here. Since that time the largest retail shopping complexes located in Destin have been completed here and include the highly popular Destin Commons, The Shoppes at Paradise Key and the Barnes and Noble Shopping Center.
Three commercial enterprises have profitable businesses on this site, which include the Hurricane Lanes Bowling Alley and Family Entertainment Center with an adjoining nightclub/concert venue, a Sunoco Gas Station Convenience Store and a vacant building which was formerly a Salon. There is also a deeded commercial billboard sign leased out by Lamar. The three structures comprise 217,800 total square feet. These preexisting businesses can be possibly leased back while the new owner pursues a new development order.
The property comes in two unified parcels which include 34876 Emerald Coast Parkway ID # 00-2S-22-0000-ooo1-0510 and 34880 Emerald Coast Parkway ID # 00-2S-22-0000-0001-051A. This has the Destin CG zoning designation which is for Commercial General, a highly sought after zoning designation that can include Vacation Rental Multi-Family Housing, Hotels or Motels, Full Service Restaurants and Fast Food, Bars, Grocery Stores, Specialty Food Stores, Beer Wine or Liquor Outlets, Movie Theaters, Clothing Stores, Specialty Shops, Recreational Facilities, Service Centers and Professional Offices to name a few.
For more detailed information regarding zoning details, income or other questions regarding this or any other commercial opportunities in the Destin area call one of our sales professionals today at (877) 392-6085.