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514 Mary Esther Cut 6,000 SF Office Building Fort Walton Beach, FL 32548 $1,950,000 ($325/SF)
Investment Highlights
- Ample parking
- Strong street presence
- Easy access
- Income-producing investment opportunity with future flexibility for an owner-occupant or redevelopment
Executive Summary
Prime investment opportunity in the heart of Fort Walton Beach—this well-positioned, single-story office building offers exceptional visibility and accessibility along the highly traveled Mary Esther Cut Off corridor.
Previously operating as a medical/urgent care facility, this approximately 6,000+ square foot building sits on a generous lot and is designed for functionality with ample parking, easy access, and strong street presence. The property provides an ideal setup for medical, professional office, or owner-user scenarios.
Existing tenant lease term expires March 1, 2026. This property presents a compelling income-producing investment opportunity with future flexibility for an owner-occupant or redevelopment.
Located just minutes from Eglin AFB, Hurlburt Field, and the beaches of Okaloosa Island, this central location offers strong demand drivers and long-term growth potential in one of the Gulf Coast’s most active markets.
Whether you're looking to expand your portfolio or secure a strategic location for your business, this property delivers on location, visibility, and opportunity.
Previously operating as a medical/urgent care facility, this approximately 6,000+ square foot building sits on a generous lot and is designed for functionality with ample parking, easy access, and strong street presence. The property provides an ideal setup for medical, professional office, or owner-user scenarios.
Existing tenant lease term expires March 1, 2026. This property presents a compelling income-producing investment opportunity with future flexibility for an owner-occupant or redevelopment.
Located just minutes from Eglin AFB, Hurlburt Field, and the beaches of Okaloosa Island, this central location offers strong demand drivers and long-term growth potential in one of the Gulf Coast’s most active markets.
Whether you're looking to expand your portfolio or secure a strategic location for your business, this property delivers on location, visibility, and opportunity.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
6,000 SF
Building Class
B
Year Built
1984
Price
$1,950,000
Price Per SF
$325
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,000 SF
Building FAR
0.21
Lot Size
0.67 AC
Parking
25 Spaces (2.56 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
20/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Total Assessment | $836,216 | |
| Land Assessment | $358,074 | Annual Taxes | ($6,000) (($1.00)/SF) |
| Improvements Assessment | $478,142 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$358,074
Improvements Assessment
$478,142
Total Assessment
$836,216
Annual Taxes
($6,000) (($1.00)/SF)
Tax Year
2025
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514 Mary Esther Cut
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