36
See all 36 photos
$2,650,000
Est. payment /mo
7,405 Sqft Lot
Active
9539 W US-98 Highway Miramar Beach, FL 32550
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Gulf Place
MLS Listing ID 767398
HOA Y/N No
Year Built 1986
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Retail
Property Description
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.
Location
State FL
County Walton
Area 12 - Walton County
Interior
Fireplace No
Building
Entry Level One
Level or Stories One
Others
Tax ID 34-2S-21-42060-002-0170
Listed by Counts Real Estate Group Inc