9539 US Highway 98 W - Retail FOR SALE


Destin, FL 32550
$2,650,000 USD
850-960-8808
9539 US Highway 98 W, Destin, FL for Sale
$2,650,000 USD
Retail - FOR SALE
1/33
null | Request Cap Rate

9539 US Highway 98 W
Destin, FL 32550


OVERVIEW

Prime commercial property located on the highly sought-after south side of Highway 98, strategically positioned between Silver Sands Outlet Mall and Sandestin Resort. This meticulously maintained, free-standing building spans 7,680 sq. ft., with a new TPO roof scheduled for installation within the next eight weeks. The property is being sold occupied, as the owner is conducting a sale-leaseback. The lease is a gross lease, and the current owner is self-insured, opting not to carry wind coverage. The tenant will occupy the property for two years, with lease details available upon request. The expected return on investment is between 6.5% and 7% varies depending if you self insure. Building constructed out of solid concrete block and flat TPO roof. Property features 16 dedicated parking. Expansive windows on both levels create a bright and inviting environment, ideal for a retail store, office space, or general commercial operation. The building offers exceptional flexibility, allowing for easy division into separate units to accommodate various business needs.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$345 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Carl AllenCounts Real Estate Group Inc.- Commercial DivisionMore Info
850-960-8808

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Carl AllenCounts Real Estate Group Inc.- Commercial DivisionMore Info
850-960-8808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.