Fort Walton Beach Legacy
20 NE Hollywood Boulevard Fort Walton Beach, FL 32548
20 NE Hollywood Boulevard, Fort Walton Beach, FL, 32548
$2,800,000
For Sale
$2,800,000
2.76-acre assemblage with buildings, ideal for owner-user or redevelopment.
Property Size13,513 SF
Lot Size2.76 Acres
Price / SF$207.21
Days on Market185
Property Features for 20 NE Hollywood Boulevard
General Information
- Standard status
- Active
- Size
- 13,513 SF
- Lot size
- 2.76 Acres
- Property subtype
- Commercial
Listing Agency
TAYLOR ALLEN PROPERTIES LLC
(850) 259-2894
Listed by
CHRISTOPHER L WOOTEN · License #3435164
Source
Corcoran
Added: Jan 16 Updated: Jul 6 at 10:16 am Checked: Jul 19 at 4:37 am
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 TAYLOR ALLEN PROPERTIES LLC
Investment Insights
Based on property information with market context.
This offering features a legacy property assemblage consisting of seven combined parcels at 16 and 20 Hollywood Boulevard in Fort Walton Beach, Florida. The site totals approximately 2.76 acres with over 429 feet of frontage on Hollywood Blvd, and rear access from Park Cir/Park Pl. The location is less than one mile from U.S. Highway 98 and approximately one-third of a mile from Eglin Parkway. Improvements include four buildings totaling approximately 13,513 square feet, featuring multiple auto service bays, storefront/shop space, warehouse and storage buildings, lobby and office areas, and a large privacy-fenced laydown yard of approximately .41 acres suitable for outside storage or parking. Zoned MX-2 (Mixed-Use High), the property has supported local businesses for decades. The former Tona's Auto Center facilities are now vacant, while Haudini Upholstery remains in operation. The assemblage is suited for an owner-user seeking to occupy a portion of the property while benefiting from rental income from the remaining leased buildings, offering a combination of operational scale, income generation, and future redevelopment potential.
Key Highlights
- Large 2.76‑acre property with 429 feet of frontage on Hollywood Blvd.
- Zoned MX‑2 (Mixed‑Use High) offering redevelopment potential.
- Four buildings totaling 13,513 sq ft with auto service bays, storefront/shop space, warehouse/storage, lobby, and office areas.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $300.0k | $22.20 |
| − Vacancy | −$22.5k | −$1.67 |
| EGI | $277.5k | $20.54 |
| − OpEx | −$83.2k | −$6.16 |
| NOI | $194.2k | $14.37 |
13,513 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.77M
$2.43M – $3.24M
NOI $194,243 @ 7.0% cap · market cap 6.94%
Second Best
Mixed Use
$2.35M
$2.05M – $2.74M
NOI $164,183 @ 7.0% cap · market cap 5.86%
Theoretical Best
Specialty Retail
$5.21M
$4.56M – $6.08M
NOI $364,523 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tona Auto & Collision ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- G & J Tire Service — 113 Tupelo Ave SE, Fort Walton Beach, FL 32548
- Tony Bigot's Transmission Services — Fort Walton Beach, FL 32548
- Alex's Tire Center (Se Habla Espanol) — 113 Tupelo Ave SE, Fort Walton Beach, FL 32548
- Pep Boys — 15 Miracle Strip Pkwy, Fort Walton Beach, FL 32548
- Tow boat U.S. — 22 Miracle Strip Pkwy SW, Fort Walton Beach, FL 32548
FAQs
What type of property is this?
Auto shop - 2.76-acre assemblage with buildings, ideal for owner-user or redevelopment.
Where is this auto shop located?
The property is located at 20 NE Hollywood Boulevard Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Large 2.76‑acre property with **429 feet of frontage on Hollywood Blvd.**; Zoned MX‑2 (Mixed‑Use High) offering redevelopment potential.; Four buildings totaling 13,513 sq ft with auto service bays, storefront/shop space, warehouse/storage, lobby, and office areas.
