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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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36468 Emerald Coast Pkwy Lot 5 , Destin, FL 32541
$825,000
Est. Payment: $4,558.01/mo
0.64 Acres
Status: Pending | Days on site: 217
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EWSO - E34622,E8251
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Harrison Lilly Team
Owner/Operator

House Description

Ability to earn an 8% Cap Rate or More! 3,000 SF Flex Industrial Building - Owner User or Investment - Near Highway Access! Located in the highly desirable Old South Centre commercial corridor along Emerald Coast Parkway/Hwy 98 in Destin, this versatile ±3,250 SF office and warehouse property offers exceptional flexibility for owner-users, contractors, medical operators, service businesses, or investors seeking immediate income and long-term upside. Situated on approximately 0.64 acres with ample on-site parking, dual front and rear access, warehouse/garage functionality, and outstanding visibility in one of Destin's highest-traffic business corridors, the property is currently configured with more than 9 private offices, multiple reception areas, conference space, 3 restrooms, 2 kitchens, and flexible warehouse/storage areas that can support a single headquarters operation or multi-tenant configuration. Built in 2000 within the established Old South Centre business complex and zoned ROI-TD, the property is surrounded by stable professional and medical users while offering convenient access to Highway 98, Miramar Beach, and the greater Destin market. The flexible layout allows for use as one expansive business headquarters or as two separate income-producing suites, each with private access and independent functionality. The left suite is designed for a polished client-facing experience, featuring an inviting waiting room, front desk/concierge area, five private executive offices, a spacious conference room, a his-and-hers restroom, a full kitchen, and direct access to the rear warehouse storage. A secure private connecting door also provides access to the adjoining suite if operated as one larger business. The right suite offers its own professional reception and waiting area, front desk with plexiglass concierge window, two private restrooms, washer/dryer hookups, kitchen, and a large open flex space that is 570 Sq Ft that can serve as additional office buildout, showroom, operational workspace, or expanded warehouse storage. This side also includes its own dedicated access to the rear garage and warehouse space.

Highlights

Listed by Olivia J Catanese , 813-399-1580 Watersound Real Estate , 850-231-7792. Emerald Coast Multiple Listing Services

Property Type

Commercial Sale

Lot/Acreage
0.64

County

Okaloosa

Area

14 - Destin

Listing ID

994448

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Interior Features

Exterior Features

Principal Interest
$4,558
Taxes
$526

Home Price

$825,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$165,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,558.01

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,558.01 $525.94 $0.00 $5,083.94
Yearly $54,696.07 $6,311.25 $0.00 $61,007.32
Total $1,640,882.22 $189,337.50 $0.00 $1,830,219.72

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Destin, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T06:31:40.000Z

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