9539 W US-98 Highway Active Save Request In-Person Tour Request Virtual Tour
Miramar Beach,FL 32550
Key Details
Property Type Single Family Home, Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 966141
Lot Size 7,405 Sqft
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.
Location
State FL
County Walton
Area 15 - Miramar/Sandestin Resort
Zoning Commercial