Destin Commercial Property For Sale, Retail Building
7,680 SF 100% Leased Retail Building
9539 US Highway 98 W Destin, FL 32550
$2,650,000 ($345/SF)
Very desirable commercial retail property located on the preferred south side of Highway 98, strategically positioned between Silver Sands Outlet Mall and Sandestin Resort. This well 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.
More Info: https://www.loopnet.com/Listing/9539-US-Highway-98-W-Destin-FL/34488860/
