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4688 US Highway 98 W 12,000 SF 100% Leased Retail Building Santa Rosa Beach, FL 32459 $7,178,000 ($598.17/SF)
INVESTMENT HIGHLIGHTS
- Prime Location - Situated in the thriving Santa Rosa Beach area, this property offers exceptional visibility and accessibility along US Highway 98 W
- Triple Net Lease Structure
- The property is strategically positioned within a rapidly expanding retail corridor
EXECUTIVE SUMMARY
CBRE is pleased to present 98 Central, a prime commercial retail investment opportunity in the heart of Santa Rosa Beach, Florida, a part of the famous Beaches of South Walton and Scenic Highway 30A market. Built in 2024, 98 Central is comprised of two 6,000-squarefoot buildings, for a total of 12,000 square feet of Class A retail space and boasts 100% occupancy. The property offers a diverse and complementary tenant mix with strong cash flow.
This enticing opportunity is strategically positioned along the area’s primary thoroughfare, with over 200’ of frontage along Highway 98. Aptly named, 98 Central enjoys exceptional visibility and access, making it an attractive location for tenants and customers alike. Don’t miss out on this rare investment opportunity in one of the fastest growing communities in Florida, promising strong ROI and long-term value.
This enticing opportunity is strategically positioned along the area’s primary thoroughfare, with over 200’ of frontage along Highway 98. Aptly named, 98 Central enjoys exceptional visibility and access, making it an attractive location for tenants and customers alike. Don’t miss out on this rare investment opportunity in one of the fastest growing communities in Florida, promising strong ROI and long-term value.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,000 SF
Building Class
B
Year Built
2024
Price
$7,178,000
Price Per SF
$598.17
Percent Leased
100%
Building Height
1 Story
Building FAR
0.21
Lot Size
1.30 AC
Zoning
Village Mixed Use - Village Mixed Use (Walton County)
Frontage
198’ on Florida 30
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28-2S-20-33220-000-0487 | Improvements Assessment | $0 |
| Land Assessment | $743,724 | Total Assessment | $743,724 |
PROPERTY TAXES
Parcel Number
28-2S-20-33220-000-0487
Land Assessment
$743,724
Improvements Assessment
$0
Total Assessment
$743,724
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4688 US Highway 98 W
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