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Listed price in listed location currency (USD).
$275,000

000

MLS® 784415

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes 
Days Active 0
Approx. Age 1999
MLS® Number 784415

Property Address: 419-1217 Airport Rd, Destin, FL, 32541-2985

Average square foot calculated using Size range provided by listing agent.

Description

Situated in the heart of Destin's established business corridor, this +/-1, 312SF commercial office condominium offers an opportunity to acquire an income-producing asset with strong fundamentals and long-term demand drivers. The property is recently remodeled and currently occupied by a regional staffing company, providing immediate cash flow in a well-located, professionally managed office environment. The suite benefits from excellent accessibility via Airport Road and close proximity to US-98, Destin's primary east-west artery. The surrounding area features a dense mix of professional offices, medical users, retail, and hospitality, creating consistent daytime traffic and sustained tenant demand. Destin maintains a limited inventory of small-format office product, supporting stable occupancy and competitive lease rates for well-positioned suites. The property delivers an 8.37% cap rate with pricing of $210 per square foot, positioning the asset well below replacement cost. The existing lease extends through May 2026, providing near-term income with flexibility for renewal, rent growth, or potential owner-user conversion. For investors seeking durable cash flow as well as future owner-users, this office condominium combines a strong location, functional layout, and attractive basis in one of Northwest Florida's most active coastal markets. Continued commercial activity, steady tourism-driven business demand, and constrained new office development support long-term stability and liquidity for this asset. 1, 312 SF Office Condo | Built 1999 Recently Remodeled Suite Tenant in Place Through May 2026 Prime Airport Road Location with Easy Access to US-98 8.37% In-Place Cap Rate based on 2025 net income of $23, 009.84 Income asset, priced below replacement cost Strong Area Demand with Limited New Office Supply
MLS® Number784415
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1999
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 30, 2026List Date
$275,000List Price
  • Commute

Commute

Starting Address
Destination Address
1217 Airport Rd, Destin, FL

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