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Divisible Retail/Office Space in Plaza
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109 Racetrack Rd NE, Fort Walton Beach, FL 32547

10,265 SF space ideal for retail or office use.

Property Size62,504 SF
Lot Size1.44 Acres
Price / SF$0.00
Days on Market215

Property Features for 109 Racetrack Rd NE

General Information

Standard status Active
Size 62,504 SF
Lot size 1.44 Acres
Property subtype Shopping Center
Lease Term NNN

Building Details

Building Size 62,504 SF
Year Built 1970

Properties For Sale

at 109 Racetrack Rd NE Contact us

Suite I

Size
10,265 SF
Type
Strip Center
Term
Negotiable
Contact us

Suite I-A

Size
5,133 SF
Term
Negotiable
Contact us

Suite I-B

Size
5,132 SF
Term
Negotiable
Contact us
Listing Agency: Bellcore Commercial
Listed By: Robert Bell · License #FL #SL698346
Source: Bellcorecommercial
Added: Jan 27 Changed: Aug 22 Last Checked: Aug 29 at 6:32AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bellcore Commercial

Investment Insights

Based on property information with market context.

Located in Fort Walton Beach, this 10,265 square foot space at Beltway Plaza is suitable for retail or office use. The space is available under a triple net lease and can be divided into two units, with a minimum of 1,900 square feet per unit. The property features a 10-foot drop ceiling and a 14-foot clear height, providing a flexible layout. Each unit has separate entrances, ample parking, prominent signage opportunities, and high-traffic exposure in a well-established commercial corridor. The tenant mix includes a Thai restaurant, nail salon, CBD store, bingo hall, café, and professional offices. The property's trade area is largely characterized by military personnel from Eglin Air Force Base and Hurlburt Field. Eglin Air Force Base covers over 463,000 acres and employs more than 8,500 military and approximately 4,500 civilians. Hurlburt Field has 10,782 active duty military personnel and 1,316 civilian employees. New projects and infrastructure improvements within the Fort Walton Beach MSA have drawn private development to the city, creating new jobs and a booming economy.

Key Highlights

  • High‑visibility location on Racetrack Rd. in Fort Walton Beach, ideal for retail or office use.
  • Divisible 10,265 SF space (minimum 1,900 SF per unit) offering flexibility for various business sizes.
  • Ample parking and prominent signage opportunities available.

Property Analytics

Current Use

Thai Hut Garden Restaurant Stars N Stripes ... (Bike/Boat/Book/etc) Store Gulf Coast Monuments General Contractor Ocean City Bingo Bingo Hall FLUENT Cannabis Dispensary ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Dental Office Electrical Service Daycare Center Locksmith (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

782
Businesses Nearby
Under-served
Demand for This Use

Demographics for 32547, FL

35,466
Population
16,112
Households
2.2
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
29.0 sq mi
ZIP Area
1,223
Density / Sq Mi
$67,822
Median Household Income
$36,465
Median Earnings
$1,421
Median Rent
$299,400
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - 10,265 SF space ideal for retail or office use.
Where is this shopping center located?
The property is located at 109 Racetrack Rd NE Fort Walton Beach, FL.
What are key features of this property?
This property features: High‑visibility location on Racetrack Rd. in Fort Walton Beach, ideal for retail or office use.; Divisible 10,265 SF space (minimum 1,900 SF per unit) offering flexibility for various business sizes.; Ample parking and prominent signage opportunities available.
More about this property
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