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9539 Us Highway 98, Destin, FL 32550
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9539 Us Highway 98
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Would you like to sell your home before you purchase this one?
Priced at Only: $2,800,000
For more Information Call:
Address: 9539 Us Highway 98, Destin, FL 32550
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More Like This
  • MLS#: 761706 ( CommercialSale )
  • Street Address: 9539 Us Highway 98
  • Viewed: 2
  • Price: $2,800,000
  • Price sqft: $365
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 7680
  • Days On Market: 128
  • Additional Information
  • Geolocation: 30.3774 / -86.3347
  • County: WALTON
  • City: Destin
  • Zipcode: 32550
  • Subdivision: [no Recorded Subdiv]
  • Provided by: Coastal Heritage Real Estate LLC
  • DMCA Notice
  • 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.
Payment Calculator
  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
  •   Monthly -
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
Nearby Subdivisions
[no Recorded Subdiv]  
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Headshot for Associate John Holtje
  1. John Holtje
  2. Tropic Shores Realty
  3. 352.587.3980
  4. bigjohnholtje@gmail.com