Overview
The Kabani Hotel Group is pleased to offer for sale a premier 9.18-acre development opportunity in Destin, Florida. Strategically positioned along the U.S. Highway 98 corridor, the site represents a rare large-scale development opportunity within one of Florida’s most established coastal tourism markets.
The property consists of approximately 9.18 acres and offers substantial scale for a potential hospitality, residential, commercial, or mixed-use development. The site is located within the Town Center Mixed Use (TCMU) zoning district, which accommodates a broad range of uses including multifamily attached residential, retail, service, restaurant, office, hospitality, and other commercial uses, subject to applicable requirements and approvals.
Commercial hotels, motels, bed-and-breakfast establishments, and other transient accommodations are allowed within TCMU on properties that have direct or secondary access to Harbor Boulevard/U.S. Highway 98. The combination of significant acreage, flexible mixeduse zoning, and a strategic Destin location provides prospective investors and developers with the opportunity to evaluate a variety of potential development strategies, subject to independent verification and approval by the applicable governmental authorities.
Investment Highlights
- Potential for Density increases through the Live Local Act.
- 9.18-Acre Development Opportunity: Significant land area offering scale for a potential large-format development in Destin.
- Town Center Mixed Use (TCMU) Zoning: Flexible zoning accommodating a broad range of hospitality, commercial and residential uses.
- Hospitality Use Permitted Within TCMU: Hotels and motels are listed as permitted uses, subject to the applicable Harbor Boulevard/U.S. Highway 98 access requirement and other development standards.
- Multifamily Development Potential: Multifamily attached dwellings are identified as a conditional use within TCMU, providing potential residential optionality subject to City approval.
- Up to 75 Feet / 6 Stories:TCMU dimensional standards contemplate maximum building heights of up to 75 feet / six stories depending on development type and applicable requirements.
- Up to 24 Units per Acre:The zoning table identifies a maximum density of 24 units per acre for the applicable multifamily category, subject to applicable approvals and development standards.
- 1.5 Maximum FAR: TCMU provides a maximum floor area ratio of 1.5 for the applicable nonresidential category.
- Flexible Development Alternatives: Potential hospitality, multifamily, commercial, or mixed-use concepts can be evaluated based on final site planning and municipal approvals.
- Strategic Destin Location: Positioned within the Destin market along the U.S. Highway 98 corridor.
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