Commercial Land with Existing
For Sale
$9,600,000
320 E Miracle Strip Parkway, Mary Esther, FL 32569
Existing buildings are available for repurposing, subject to land-use approvals.
Property Size892,109 SF
Price / SF$10.76
Days on Market88
Property Features for 320 E Miracle Strip Parkway
General Information
Standard status
Active
Size
892,109 SF
Property subtype
Commercial
Listing Agency:
Beachfront Real Estate Group
Listed By:
Delawalla Group
(850) 225-9899
Source:
Bestofemeraldcoast
Added: Jul 18
Changed: Oct 13
Last Checked: Oct 12 at 7:45PM
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 Beachfront Real Estate Group
Investment Insights
Based on property information with market context.
Approximately 20+/- acres of commercial land includes existing improvements totaling about 53,186 square feet. The developed portion contains school buildings that may be repurposed or incorporated into a broader redevelopment plan. The property is currently zoned Public Use, with adjoining C-1, C-2, and residential zoning. Any future commercial, hospitality, multifamily, medical, senior-living, or mixed-use concept would remain subject to rezoning, applicable regulations, and governmental approvals. A deed restriction prohibits future use of the property as a school.
The site fronts E. Miracle Strip Parkway, also identified as US Highway 98, and may have access extending toward Hollywood Boulevard. Target and Hampton Inn are adjacent to the property. Its location along the US Highway 98 corridor provides access toward Fort Walton Beach, Hurlburt Field, and surrounding beaches, bays, commercial areas, and residential areas.
The site fronts E. Miracle Strip Parkway, also identified as US Highway 98, and may have access extending toward Hollywood Boulevard. Target and Hampton Inn are adjacent to the property. Its location along the US Highway 98 corridor provides access toward Fort Walton Beach, Hurlburt Field, and surrounding beaches, bays, commercial areas, and residential areas.
Key Highlights
- Approximately 20+/- acres of commercial land
- Existing improvements total approximately 53,186 square feet
- Frontage along E. Miracle Strip Parkway and US Highway 98
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
205k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 39%
Shops & Services 31%
Dining 14%
Groceries 8%
Target
Superstores
79,532 visits/mo
0.1 miles
Dollar Tree
Shops & Services
22,958 visits/mo
0.2 miles
Piggly Wiggly
Groceries
17,043 visits/mo
0.4 miles
Murphy USA
Shops & Services
12,720 visits/mo
0.2 miles
Starbucks
Dining
12,553 visits/mo
0.5 miles
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 Retail in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - Existing buildings are available for repurposing, subject to land-use approvals.
Where is this commercial land located?
The property is located at 320 E Miracle Strip Parkway Mary Esther, FL.
What is the asking price?
The asking price for this property is $9,600,000.
What are key features of this property?
This property features: Approximately 20+/- acres of commercial land; Existing improvements total approximately 53,186 square feet; Frontage along E. Miracle Strip Parkway and US Highway 98
