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Medical Office with Street Frontage
For Sale
$1,300,000
Pending

50 Eglin Pkwy, Fort Walton Beach, FL 32548

Commercial for Sale, Fort Walton Beach, FL

Property Size2,776 SF
Lot Size0.68 Acres
Days on Market246

Property Features for 50 Eglin Pkwy

General Information

Property type Commercial Sale
Property subtype Other
Directions Located on block north of Eglin Pkwy and Hollywood Blvd.
Subdivision 12 - Fort Walton Beach
Standard status Pending
APN 13-2S-24-1880-0007-0040
Lot size 0.68 Acres

Taxes and HOA fees

Tax Description Lots 4 and 5, Block 7 Oak Ridge Addition Okaloosa County and parts of vacated part of street and alleys.
Legal Description Lots 4 and 5, Block 7 Oak Ridge Addition Okaloosa County and parts of vacated part of street and alleys.
Listing Agency: Realty House Commercial Prop
Listed By: M Kevin Bethea · License #450832
Added: Jan 8 Changed: Sep 11 Last Checked: Sep 11 at 3:06PM
MLS# 992430

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 medical office property includes a 2,776-square-foot building on 0.68 acres with 187 feet of street frontage. The structure dates to 1960 and was originally developed as a McDonald’s; it is currently occupied by an optometrist’s office. The owner plans to relocate the business to a smaller building, creating a change-of-use opportunity for the existing medical office facility.

The property sits beside a new 7 Brew Coffee and across from McDonald’s, Popeyes, Taco Bell, and Tijuana Flats. The Gulf and white-sand beaches are within 1 1/2 miles, adding a nearby coastal amenity to the surrounding commercial setting. Showings require a prior appointment with the listing agent, and the operating business should not be disturbed.

Key Highlights

  • 2,776‑square‑foot building on 0.68 acres
  • 187 feet of street frontage
  • Currently occupied by an optometrist’s office

Property Analytics

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Current Use

Fort Walton Optical ... Ophthalmologist 20 20 Optical ... Physician George D. Edlund, ... Physician Edmond George D ... Physician Travel World Travel Agency

Suggested Use

Top Pick Pharmacy Parking Lot & Garage Electrical Service Grocery & Convenience Store Big Box & Wholesale Store Auto Parts 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.

Lease Details

1
Office units
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,483
Businesses Nearby
Balanced
Demand for This Use

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

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
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Existing optometry practice in a freestanding commercial building with prominent roadway exposure and established nearby food-service activity.
Where is this medical office space located?
The property is located at 50 Eglin Pkwy Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2,776‑square‑foot building on 0.68 acres; 187 feet of street frontage; Currently occupied by an optometrist’s office
More about this property
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