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Drury Hotels Outparcels US-98 1 - 2 Acres of Commercial Land for Lease in Destin, FL 32541

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LOT Available

Display Rental Rate as

Rental Rate
  • $4.48 /SF/YR
  • $0.37 /SF/MO
  • $390,000 /YR
  • $32,500 /MO
Lease Term Negotiable
Lot Size 1.00 - 2.00 AC

Ground Lease
$195,000.00 per year per lot

Property Overview

Two Drury Plaza Hotel™ outparcels offered for Ground Lease. Rare find, new development! These are the last two undeveloped outparcels on US HWY 98 E in Destin. The Drury Plaza Hotel™ is under construction currently and is scheduled to be completed in the Summer of 2027. Owner may consider Selling. Please contact Listing Agent for more information. Situated on US HWY 98 E, these two outparcels attached to the future home of the Drury Plaza Hotel™, sit less than 5-minutes from the Destin Harbor Boardwalk and are within close proximity to beach access. This is a major tourist destination offering year round visibility and high traffic. Traffic Count: 53,500 (US HWY 98) 2025 Visitors to Destin: 4.5 Million +/- Estimated Tourism Spending: $734 Million +/-

Property Facts

Total Space Available 2.00 AC
Min. Divisible 1.00 AC
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail

Attachments

1001 Hwy 98 E
  • Listing ID: 39740204

  • Date on Market: 3/11/2026

  • Last Updated:

  • Address: US-98, Destin, FL 32541

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