Medical Office Property with Two
For Sale
$670,000
914B Marwalt Drive, Fort Walton Beach, FL 32547
Commercial for Sale, Fort Walton Beach, FL
Property SizeContact for details
Lot Size0.09 Acres
Days on Market204
Property Features for 914B Marwalt Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Directions
From Racetrack Rd, turn onto Marwalt Dr, property on the left. Unit B
Subdivision
12 - Fort Walton Beach
Standard status
Active
APN
34-1S-24-0000-0052-016B
Lot size
0.09 Acres
Additional Details
Tenant in Place
Yes
Property Use
Medical Office
Taxes and HOA fees
Tax Description
COM SE COR W ALG N R/W OF RACETRACK RD 693 FT TO W R/W OF MAR-WALT DR N 630.23FT W 69.34FT TO POB W 67.66FT N 54FT E 69.81FT S 15FT W 2.15 FT S 39FT TO POB TOGETHER WITH COMMON AREA OF MAR WALT TOWNOFFICES AS OR BK 1424 PG 804
Legal Description
COM SE COR W ALG N R/W OF RACETRACK RD 693 FT TO W R/W OF MAR-WALT DR N 630.23FT W 69.34FT TO POB W 67.66FT N 54FT E 69.81FT S 15FT W 2.15 FT S 39FT TO POB TOGETHER WITH COMMON AREA OF MAR WALT TOWNOFFICES AS OR BK 1424 PG 804
Building Details
Buildings
1
Listing Agency:
Jan Hooks Real Estate Group Inc
Listed By:
Jan N Hooks · License #679574
(850) 585-2677
Added: Apr 10
Changed: Oct 24
Last Checked: Oct 30 at 12:06PM
MLS# 1000521
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.
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Investment Insights
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Located at 914B Marwalt Drive in Fort Walton Beach, this medical office property includes two units with a combined first-floor area of 3,702 square feet and an additional 356 square feet on the second floor. One unit is vacant and includes four exam rooms, three bathrooms, a nurses station, office, waiting room, reception area, and storage. The second unit offers four rooms, three bathrooms, reception and waiting areas, an office, break room, and storage, and is leased through September 2027.
Property improvements include a roof replaced in 2024 across both units, a 2019 HVAC replacement for the vacant unit, and a 2024 hot water heater replacement. The occupied unit has a 2006 HVAC system and a hot water heater replaced in 2025. The site is 0.09 acres, zoned C-3, and has access to 34 shared parking spaces on a first-come, first-served basis.
Property improvements include a roof replaced in 2024 across both units, a 2019 HVAC replacement for the vacant unit, and a 2024 hot water heater replacement. The occupied unit has a 2006 HVAC system and a hot water heater replaced in 2025. The site is 0.09 acres, zoned C-3, and has access to 34 shared parking spaces on a first-come, first-served basis.
Key Highlights
- 3,702 square feet on the first floor plus 356 square feet on the second floor
- Two medical office units; one vacant and one leased through September 2027
- Vacant unit includes 4 exam rooms, 3 bathrooms, nurses station, office, waiting room, reception, and storage
Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,366
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 32547, FL
35,466
Population
16,112
Households
2.2
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
29.0 sq mi
ZIP Area
1,223
Density / Sq Mi
$67,822
Median Household Income
$36,465
Median Earnings
$1,421
Median Rent
$299,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - C-3-zoned facility includes exam rooms, administrative areas, and shared complex parking.
Where is this medical office space located?
The property is located at 914B Marwalt Drive Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: 3,702 square feet on the first floor plus 356 square feet on the second floor; Two medical office units; one vacant and one leased through September 2027; Vacant unit includes 4 exam rooms, 3 bathrooms, nurses station, office, waiting room, reception, and storage
