1. Florida
  2. Miramar Beach
  3. 9539 W US-98 Highway
$2,650,000

9539 W US-98 Highway, Miramar Beach, FL 32550

  • 7,405 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1986
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $358/sqft
  • Property List Date Icon Listed 4 months ago

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.

Listing Status:
Active
Date Added:
January 10, 2025 at 06:00AM
Listing Office:
Counts Real Estate Group Inc : (850) 249-1414
MLS ID:
767398
  • General: 1

This listing courtesy of Counts Real Estate Group Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

V

Van R. Butler Elementary School

6694 W County Highway 30A, Santa Rosa Beach, FL, 32459

Grades KG-5

4.51 miles away

S

Seaside Neighborhood School

10 Smolian Cir, Santa Rosa Beach, FL, 32459

Grades 5-12

12.34 miles away

S

South Walton High School

645 Greenway Trl, Santa Rosa Beach, FL, 32459

Grades 9-12

9.18 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.