16-Unit Professional Office
For Sale
$4,300,000
124 Hwy 98, Mary Esther, FL 32569
Commercial for Sale, Mary Esther, FL
Property SizeContact for details
Lot Size2.00 Acres
Days on Market948
Property Features for 124 Hwy 98
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
Located just west of Target Store in Mary Esther
Subdivision
12 - Fort Walton Beach
Standard status
Active
APN
16-2S-24-1710-000D-00A0; 16-2S-24-1710-000D-017C;
Lot size
2.00 Acres
Taxes and HOA fees
Tax Description
Parcel id # 16-2S-24-1710-000F-0270, 16-2S-24-1710-000D-00A, 16-2S-24-1710-000F-026, 16-2S-24-1710-000D-017C, 16-2S-24-1710-000D-017A
Legal Description
Parcel id # 16-2S-24-1710-000F-0270, 16-2S-24-1710-000D-00A, 16-2S-24-1710-000F-026, 16-2S-24-1710-000D-017C, 16-2S-24-1710-000D-017A
Listing Agency:
NBI Properties Inc
(850) 243-0007
Listed By:
Craig S Barrett · License #3294646
(850) 217-0303
Added: Feb 8, 2024
Changed: Sep 11
Last Checked: Sep 13 at 4:06PM
MLS# 941845
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 16-unit office complex occupies 2 acres and is zoned Commercial. The property accommodates a varied group of occupants, including defense contractors, medical professionals, and other professional businesses. Ample parking supports daily use by occupants and visitors.
The complex fronts Hwy 98 in Mary Esther, positioned between Hurlburt AFB and Mary Esther Cutoff. It is located west of Target and benefits from a highway-oriented setting with direct visibility from the corridor. The combination of multiple office units, commercial zoning, parking, and an established professional tenant mix creates a practical setting for office operations.
The complex fronts Hwy 98 in Mary Esther, positioned between Hurlburt AFB and Mary Esther Cutoff. It is located west of Target and benefits from a highway-oriented setting with direct visibility from the corridor. The combination of multiple office units, commercial zoning, parking, and an established professional tenant mix creates a practical setting for office operations.
Key Highlights
- 16‑unit professional office complex
- 2‑acre property with Commercial zoning
- Located on Hwy 98 in Mary Esther
Property Analytics
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Current Use
Lease Details
16
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Commercial-zoned property with highway access, ample parking, and a tenant mix serving professional businesses.
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: 16‑unit professional office complex; 2‑acre property with Commercial zoning; Located on Hwy 98 in Mary Esther
