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9539 W US-98 Highway Miramar Beach, FL 32550
7,405 Sqft Lot
UPDATED:
01/17/2025 05:54 PM
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
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.
Location
State FL
County Walton
Area 15 - Miramar/Sandestin Resort
Zoning Commercial
Listed by Counts Real Estate Group Inc