Residential Land for Sale in Destin, Florida
4635 Gulfstarr Dr, Destin, FL 32541
ATTENTION INVESTORS 5.6% CAP RATE on this 2 story CLASS A, FULLY LEASED Medical or 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 & generates $347,884 annual income. High quality finishes & architectural appeal accent 15,000+ SF Class A office space. The month to month Tenant could vacate if Buyer wants to occupy. Inquire for further details & to schedule a private showing.
Location
- Street address
- 4635 Gulfstarr Dr
- County
- Okaloosa County
- Community
- Destin
- Elevation
- 16 feet
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.
Property details
- Acreage
- 1.1 acres
- MLS #
- ECARMLS 969488
- Posted
Parcels
- 00-2S-22-2380-0000-0010
Legal description
SUNSAIL PLAZA S/D LOT 1
Details and features
Listing
- Type
- Residential
- Subtype
- Condominium
- Franchise
- RE/MAX International
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 12, 2025 | Price drop | $3,924,000 | $300,000 -7.1% | ECARMLS |
| Apr 30, 2025 | New listing | $4,224,000 | — | ECARMLS |