9539 Us Highway 98, Destin, FL 32550
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Priced at Only: $2,800,000
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Address: 9539 Us Highway 98, Destin, FL 32550
Property Location and Similar Properties
- MLS#: 761706 ( CommercialSale )
- Street Address: 9539 Us Highway 98
- Viewed: 3
- 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
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DescriptionPerfect 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 $
- 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
- John Holtje
- Tropic Shores Realty
- 352.587.3980
- bigjohnholtje@gmail.com