Commercial for Sale: 9539 US Highway 98, Destin, FL 32550

$2,800,000
$2,800,000
9539 US Highway 98, Destin, FL 32550
$2,800,000
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Price:
$2,800,000

Type Commercial
Year Built 1986

City Destin
County Walton
Subdivision [No Recorded Subdiv]
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.

Lot & Building Features

Construction Materials Block, Vinyl Siding, Stucco, Concrete
Cooling Central Air, Multi Units, Electric
Heating Central, Electric
Sewer Public Sewer
Water Source Public

Map of 9539 US Highway 98, Destin, FL

Location Map Street View
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6.75%
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9539 US Highway 98 (MLS #761706) is a commercial listing located in Destin, FL. This property was listed on 08/22/2024 and has been priced for sale at $2,800,000.

Nearby zip codes are 32459 and 32541. This property neighbors other cities such as Miramar Beach and Santa Rosa Beach.

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: