9539 US Highway 98 Pending Save Request In-Person Tour Request Virtual Tour
Destin,FL 32550
Key Details
Property Type Commercial
Listing Status Pending
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
Waterfront No
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