Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    142 Highway 98 Mary Esther, FL 32569

    For Sale
    $2,300,000

    Rare opportunity in a rapidly growing urban market.

    Property size:
    3,913 SF
    Lot size:
    0.09 Acres

    Property Features for 142 Highway 98

    General Information

    Size
    3,913 SF
    Lot size
    0.09 Acres

    Source: NBI Properties, Inc. Agent Dustin Parkman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Ft. Walton Beach Asset

    Located in Downtown Ft. Walton Beach, this 4,150 square foot property presents an opportunity for investment or development. Zoned MX-2 and situated within the Downtown Overlay District, the property allows for building heights up to 120 feet and up to 45 residential units per acre. The property consists of two parcels that can be combined. Both parcels have entrances and exits on both Brooks Street and Miracle Strip Parkway. The property is bordered on three sides by parks: The Indian Temple Mound, Vandegriff Park, and The Landing. The backyard offers views overlooking The Landing and the Sound. The property has undergone modern renovations and facility enhancements. The location is positioned to benefit from redevelopment and growth in Downtown Ft. Walton Beach. Downtown Ft. Walton Beach is experiencing urban growth with investments in infrastructure and public amenities. Brooks Bridge is undergoing an expansion to allow for pedestrian crossings. The City is undergoing a multimillion dollar expansion of The Landing, which will include a new docking system, public facilities, a playground and an amphitheater.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mary Esther
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6627635
    Latitude
    30.409876

    Nearby Similar for Sale

    • $3,500,000

      Circle K Gas Station Opportunity

      High-volume gas station and convenience store in Okaloosa County, Florida.
      180 Mary Esther Blvd, Mary Esther, FL 32569
      View Details
    • $319,900

      Forest Shores Villas Interior Unit

      3 bed, 2.5 bath villa near Santa Rosa Sound.
      19 Hatten Ct, Mary Esther, FL 32569
      View Details
    • $319,900

      Forest Shores Villas Interior Unit

      3-bedroom, 2.5-bath villa near Santa Rosa Sound.
      27 Hatten Ct, Mary Esther, FL 32569
      View Details
    • $319,900

      Forest Shores Villas Interior Unit

      3-bedroom, 2.5-bathroom villa near Santa Rosa Sound.
      33 Hatten Ct, Mary Esther, FL 32569
      View Details
    • $319,900

      Forest Shores Villas Interior Unit

      3-bedroom, 2.5-bath interior unit near Gulf Coast beaches.
      38 Hatten Ct, Mary Esther, FL 32569
      View Details
    • $319,900

      Forest Shores Villas Interior Unit

      3 bed, 2.5 bath villa near Gulf Coast beaches.
      5 Hatten Ct, Mary Esther, FL 32569
      View Details

    FAQs

    What type of property is this?
    Storefront property - Rare opportunity in a rapidly growing urban market.
    Where is this storefront property located?
    The property is located at 142 Highway 98 Mary Esther, FL.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - Prime location in Downtown Ft. Walton Beach, a rapidly growing urban infill market.; - Zoned MX-2, allowing for significant development potential up to 120' height and 45 residential units per acre.; - Two parcels with entrances/exits on both Brooks Street and Miracle Strip Parkway, providing convenient access.
    (850) 218-8468
    Request Owner's contact information
    142 Highway 98 Mary Esther, FL 32569
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    142 Highway 98
    Mary Esther, FL 32569
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    142 Highway 98 Mary Esther, FL 32569
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.