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9539 Us Highway 98
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PRICED AT ONLY: $2,800,000

Address: 9539 Us Highway 98, Destin, FL 32550

Description

Perfect opportunity to own a commercial building on Hwy 98 in Destin from a motivated seller! Currently rented and making money. The building is currently occupied by Alvin's Island. Beautiful frontage from Highway 98, with large signage! A little under 7,300 sqft of leasable space. 2 Stories! Beautiful Flooring throughout! This commercial opportunity offers the ability for new owners to a 90 option to have the tenant leave the premise, or they can continue the current lease with Alvin's. This property was just inspected a few years back and everything that was incorrect was fixed! Its ready for its new owners. The current cap rate at list price is 6.7%. With acceptable offer, owner will replace roof. Please do not disturb tenant. All measurements are approx. and should be verified.
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

  •   Monthly -
  • MLS#: 761706 ( CommercialSale )
  • Street Address: 9539 Us Highway 98
  • Viewed: 1
  • Price: $2,800,000
  • Price sqft: $365
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 7680
  • Days On Market: 122
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Tile
  • Living Area: 0.00
  • Roof: Flat
Land Information
  • Lot Features: Cleared
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, Electric, MultiUnits
  • Heating: Central, Electric
  • Sewer: PublicSewer
  • Utilities: CableAvailable, ElectricityAvailable, HighSpeedInternetAvailable, PhoneAvailable, SewerAvailable, TrashCollection, WaterAvailable, YardMaintenance
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: LOTS 17 & 18 BLK 2 GULF PINES S/D PB 2-86 OR 2677-4964 OR 2848-40 OR 3180-2021
  • Levels: Two
  • Area Major: 12 - Walton County
  • Occupant Type: Occupied
  • Parcel Number: 34-2S-21-42060-002-0170
  • Possible Use: Retail
  • The Range: 0.00

Contact Info

  1. Broker IDX Sites Inc.
  2. A Winning Team
Broker IDX Billing System