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142 & 144 US-98 Miracle Strip Pky 4,275 SF Retail Building Fort Walton Beach, FL 32548 $1,750,000 ($409.36/SF)
Investment Highlights
- Fort Walton Beach's most recognizable commercial corridor
- Huge open layout
- 4,275 total square feet
- Retail, office, restaurant, showroom, entertainment, etc.
Executive Summary
Description
Prime commercial opportunity in the heart of downtown Fort Walton Beach at 142-144 Highway 98 SE. Offering approximately 4,275 total square feet, this versatile property features a huge open layout that can function as one expansive space or easily be divided into two separate units. The interior currently includes multiple office areas, two bathrooms, and abundant open space, allowing flexibility for a wide range of uses including retail, office, restaurant, showroom, entertainment, or other income-producing concepts.
Positioned directly across from The Landing Park, this high-visibility location benefits from strong traffic, excellent exposure, and proximity to the waterfront, restaurants, events, and downtown activity. Unique potential exists for a rooftop bar or entertainment venue, subject to city approval, creating an incredible opportunity to capitalize on water views and the growing downtown atmosphere.
Whether you are an owner-user, investor, or developer, this property offers outstanding flexibility and long-term upside in one of downtown Fort Walton Beach's most recognizable commercial corridors.
Prime commercial opportunity in the heart of downtown Fort Walton Beach at 142-144 Highway 98 SE. Offering approximately 4,275 total square feet, this versatile property features a huge open layout that can function as one expansive space or easily be divided into two separate units. The interior currently includes multiple office areas, two bathrooms, and abundant open space, allowing flexibility for a wide range of uses including retail, office, restaurant, showroom, entertainment, or other income-producing concepts.
Positioned directly across from The Landing Park, this high-visibility location benefits from strong traffic, excellent exposure, and proximity to the waterfront, restaurants, events, and downtown activity. Unique potential exists for a rooftop bar or entertainment venue, subject to city approval, creating an incredible opportunity to capitalize on water views and the growing downtown atmosphere.
Whether you are an owner-user, investor, or developer, this property offers outstanding flexibility and long-term upside in one of downtown Fort Walton Beach's most recognizable commercial corridors.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
4,275 SF
Building Class
C
Year Built
1945
Price
$1,750,000
Price Per SF
$409.36
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.66
Lot Size
0.15 AC
Zoning
MX-2 - Mixed-use (High Intensity) Zoning District. The mixed-use zoning district is established to provide for a wide variety of land uses.
Parking
2 Spaces (0.47 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Courtyard
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-2S-24-0000-0073-0000 | Improvements Assessment | $192,745 |
| Land Assessment | $145,922 | Total Assessment | $338,667 |
Property Taxes
Parcel Number
24-2S-24-0000-0073-0000
Land Assessment
$145,922
Improvements Assessment
$192,745
Total Assessment
$338,667
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142 & 144 US-98 Miracle Strip Pky
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