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    209 Miracle Strip Pkwy SW Fort Walton Beach, FL 32548

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $1,250,000

    Prime 4,800 SF retail space, high visibility, ample parking.

    Property size:
    4,800 SF

    Description

    Added:
    Feb 7, 2025
    Days on Market:
    334
    This exceptional 4,800 square foot retail building is situated in the heart of historic downtown Fort Walton Beach, Florida, just before the Brooks Bridge leading to Okaloosa Island. Completely renovated in 2002, the property boasts a prime location with excellent visibility and abundant parking, thanks to its adjacency to a city parking lot. Currently occupied by a long-standing restaurant (over 15 years) operating under a new five-year triple net lease, this income-producing property presents a compelling investment opportunity. The high traffic count ensures significant exposure for any business. The building's 4,800 square feet offers ample space ideal for a variety of retail or restaurant uses. The lot size is approximately 1.82 acres. This property is located at 209 Miracle Strip Pkwy SW, Fort Walton Beach, FL 32548, and is offered at $1,250,000. The building's previous use as a restaurant suggests its suitability for similar ventures, but its versatile layout makes it adaptable to a range of retail concepts. The existing lease provides immediate and consistent income, making this a strong investment with significant potential for future growth.

    Property Features for 209 Miracle Strip Pkwy SW

    General Information

    Property type
    Other retail properties
    Square Feet
    4,800 SF
    Price / Square Foot
    $260
    Elevators
    N/A
    Lot Size
    79,279 SF

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    1

    HighLights

    • Prime 4,800 sq ft retail building in historic Fort Walton Beach.
    • Completely renovated in 2002, offering excellent visibility and ample parking.
    • Features a new five‑year triple net lease with a long‑standing restaurant tenant.
    Location Intelligence

    Current Use by Public Records

    209 Miracle Strip ... Hotel Hole Inn the Wall ... Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    State
    Florida
    Longitude
    -86.626772
    Latitude
    30.406345

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    FAQs

    What type of property is this?
    Other retail property - Prime 4,800 SF retail space, high visibility, ample parking.
    Where is this other retail property located?
    The property is located at 209 Miracle Strip Pkwy SW Fort Walton Beach, FL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Prime 4,800 sq ft retail building in historic Fort Walton Beach.; Completely renovated in 2002, offering excellent visibility and ample parking.; Features a new five-year triple net lease with a long-standing restaurant tenant.
    (850) 564-0120
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    209 Miracle Strip Pkwy SW Fort Walton Beach, FL 32548
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    209 Miracle Strip Pkwy SW Fort Walton Beach, FL 32548
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