FL > Destin > [No Recorded Subdiv]
Destin, FL 32550,9539 US Highway 98
Destin, FL 32550,9539 US Highway 98
Destin, FL 32550,9539 US Highway 98
Destin, FL 32550,9539 US Highway 98
Destin, FL 32550,9539 US Highway 98
Destin, FL 32550,9539 US Highway 98
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LPT Realty

LPT Realty

+1(877) 366-2213
$ 2,800,000
Est. payment | /mo

7,405 Sqft Lot

Save
$ 2,800,000
Est. payment | /mo
Save

7,405 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision [No Recorded Subdiv]

MLS Listing ID 761706

HOA Y/N No

Year Built 1986

Lot Size 7,405 Sqft

Acres 0.17

Property 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.

Location

State FL

County Walton

Area 12 - Walton County

Interior

Heating Central, Electric

Cooling Central Air, Electric, Multi Units

Flooring Tile

Fireplace No

Exterior

Utilities Available Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Trash Collection, Water Available, Yard Maintenance

Roof Type Flat

Building

Lot Description Cleared

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Others

Tax ID 34-2S-21-42060-002-0170

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Listed by Coastal Heritage Real Estate LLC
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9539 US Highway 98