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Mary Esther Professional Office Complex
For Sale
$4,300,000

124 Hwy 98, Mary Esther, FL 32569

16-unit office complex on Hwy 98 near Hurlburt AFB.

Property SizeContact for details
Lot Size2.00 Acres
Days on Market916

Property Features for 124 Hwy 98

General Information

Standard status Active
Lot size 2.00 Acres
Property subtype Commercial
Listing Agency: NBI PROPERTIES INC
Listed By: CRAIG S BARRETT · License #3294646
Source: Corcoran
Added: Feb 8, 2024 Changed: Aug 8 Last Checked: Aug 8 at 6:07AM

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 NBI PROPERTIES INC

Investment Insights

Based on property information with market context.

This 16-unit professional office complex is located in Mary Esther, Florida, situated on Hwy 98 between Hurlburt AFB and Mary Esther Cutoff. The property is positioned west of Target and features highway frontage and visibility. The tenant mix includes defense contractors, medical professionals, and other professionals. Ample parking is available.

Key Highlights

  • Prime location on Hwy 98 between Hurlburt AFB and Mary Esther Cutoff.
  • 16‑unit professional office complex.
  • Diverse mix of tenants (defense contractors, medical professionals, etc.) providing steady rental income.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Building Supply Electrical Service Gym & Fitness Center Dental Office Grocery & Convenience 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

585
Businesses Nearby

Demographics for 32569, FL

12,378
Population
5,795
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
2,947
Density / Sq Mi
$73,762
Median Household Income
$43,832
Median Earnings
$1,456
Median Rent
$296,400
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - 16-unit office complex on Hwy 98 near Hurlburt AFB.
Where is this office building located?
The property is located at 124 Hwy 98 Mary Esther, FL.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Prime location on Hwy 98 between Hurlburt AFB and Mary Esther Cutoff.; 16‑unit professional office complex.; Diverse mix of tenants (defense contractors, medical professionals, etc.) providing steady rental income.
More about this property
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