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$ 2,625,000
Est. payment | /mo
7,405 SqFt
$ 2,625,000
Est. payment | /mo
7,405 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,405 sqft
Price per Sqft $354
MLS Listing ID 966141
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 60 x 120
Source Emerald Coast Association of REALTORS®
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 15 - Miramar/Sandestin Resort
Zoning Commercial
Direction Located on the South side of 98 between the Silver sands Outlet Mall and Sandestin Resort
Exterior
Garage No
Building
Faces Located on the South side of 98 between the Silver sands Outlet Mall and Sandestin Resort
Others
Pets Allowed No
Tax ID 34-2S-21-42060-002-0170
Listed by Carl E Allen Counts Real Estate Group Inc
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Tomell Johnson
REALTOR® | Lic# SL3413882