Listed By: Craig Barrett Show Phone

Added: Jan 20, 2025 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This exceptional 15,640-square-foot restaurant and bar is situated on a 2.79-acre lot on Okaloosa Island, Florida. The two-story building is located directly across from the Island Hotel Resort and the Okaloosa Island Boardwalk, offering visibility and accessibility. A large parking area accommodates a high volume of customers. The building features two fully equipped kitchens and an arcade area for entertainment. An elevator services both floors. The building is equipped with a sprinkler system. Located on Choctawhatchee Bay, the property benefits from its proximity to major attractions. Okaloosa Island attracts millions of visitors annually. Lease terms are negotiable.

Property Analytics

Current Use

Retail properties & Spaces

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

374

Businesses Nearby

8k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

7,967 visits/mo 0.5 miles

Demographics for 32548, FL

22,399

Population

14,040

Households

1.6

Avg Household Size

42

Median Age

31%

College-Educated

91%

High-School Grad

12.1 sq mi

ZIP Area

1,851

Density / Sq Mi

$63,857

Median Household Income

$37,725

Median Earnings

$1,281

Median Rent

$291,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Restaurant - 15,640 SF Restaurant/ Bar for Lease

Where is this restaurant located?

The property is located at 1318 SE Miracle Strip Parkway Fort Walton Beach fl 32548 Fort Walton Beach, FL.