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First-Floor Office Suite
For Lease
$15 SF/Yr

348 Miracle Strip, Fort Walton Beach, FL 32548

Commercial for Lease, Fort Walton Beach, FL

Space Size1,500 SF
Lot Size5.22 Acres
Days on Market20

Property Features for 348 Miracle Strip

General Information

Property type Commercial Lease
Property subtype Office
Zoning MU-2: Mixed Use
Directions This office park is located on the south side of the intersection of Hwy 98 and Wright Pkwy in Fort Walton Beach. Unit 15B is on the 3rd floor of the most southwest building.
Subdivision 12 - Fort Walton Beach
Standard status Active
APN 23-2S-24-506A-0000-0150
Lot size 5.22 Acres

Amenities

ample parking
picturesque canal with communal sitting areas
Listing Agency: Taylor Allen Properties LLC
Listed By: Christopher L Wooten · License #3435164
Added: Sep 1 Changed: Sep 11 Last Checked: Sep 20 at 2:06PM
MLS# 1011008

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.

Approximately 1,500 SF of first-floor office space is arranged with a reception area, breakroom and kitchenette, three private offices, one restroom, and an executive office with its own bathroom and dedicated storage. Separate front and rear entrances support access for both staff and visitors.

The office is located within Paradise Village Professional Park, a mixed-use setting with MU-2: Mixed Use zoning. The complex fronts Highway 98 and includes on-site parking, a canal, and shared sitting areas. Other businesses in the park include healthcare, financial, real estate, spa, and defense-related operations. The property is approximately 5 miles from Hurlburt Field, 9 miles from Eglin Air Force Base, and 11 miles from Destin-Fort Walton Beach Airport (VPS).

Key Highlights

  • Approximately 1,500 SF of first‑floor office space
  • Three private offices plus an executive office with private bathroom and dedicated storage
  • Front and rear entrances serve employees and clients

Property Analytics

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Current Use

Chicken 'N The Egg Restaurant Crafty Hangout (Bike/Boat/Book/etc) Store As Seen On TV ... Corporate Office Element Home Loans, ... Loan Service New American Funding ... Loan Service

Suggested Use

Top Pick Building Supply Restaurant Dental Office Big Box & Wholesale Store Law Firm Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

382
Businesses Nearby

Demographics for 32548, FL

22,399
Population
14,040
Households
1.6
Avg Household Size
42
Median Age
31%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
1,851
Density / Sq Mi
$63,857
Median Household Income
$37,725
Median Earnings
$1,281
Median Rent
$291,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Fort Walton Beach, FL

$11.48 /SF/Yr
Avg Asking Price
$1.2–$15 /SF/Yr
Price Range
13,575 SF
Avg Space Size

This space is priced 31% above the average of $11.48 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Office units - Reception, kitchenette, private offices, executive office, bathrooms, and dedicated storage create a functional workplace layout.
Where is this office units located?
The property is located at 348 Miracle Strip Fort Walton Beach, FL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Approximately 1,500 SF of first‑floor office space; Three private offices plus an executive office with private bathroom and dedicated storage; Front and rear entrances serve employees and clients
More about this property
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