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Okaloosa Island Restaurant/Bar Opportunity
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1318 SE Miracle Strip Parkway, Fort Walton Beach, FL 32548

15,640 SF restaurant/bar on 2.79 acres on Choctawhatchee Bay.

Space Size15,640 SF
Lot Size2.79 Acres
Days on Market797

Property Features for 1318 SE Miracle Strip Parkway

General Information

Standard status Active
Size 15,640 SF
Lot size 2.79 Acres
Property subtype Retail, Restaurant

Building Details

Building Size 15,640 SF
Tenancy Single

Spaces For Lease

at 1318 SE Miracle Strip Parkway Contact us

Available Space

Size
15,640 SF
Type
Restaurant, Retail
Availability
Active
Contact us
Listing Agency: NBI Properties
Listed By: Craig Barrett · License #FL 3294646
Source: Crexi
Added: Jun 7, 2024 Changed: Aug 8 Last Checked: Aug 8 at 4:30AM

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 NBI Properties

Investment Insights

Based on property information with market context.

This 15,640 square foot restaurant and bar is located on 2.79 acres on the Choctawhatchee Bay on Okaloosa Island, across from the Island Hotel Resort and The Okaloosa Island Boardwalk. The two-story building features an elevator, two kitchens, and an arcade area. The building is equipped with a sprinkler system. A large parking area is available. The property is situated in a location that hosts millions of tourists annually. One of the owners is a licensed realtor.

Key Highlights

  • Prime location on Okaloosa Island, a major tourist destination.
  • Large 15,640 SF restaurant/bar space.
  • Situated on 2.79 acres on the Choctawhatchee Bay.

Property Analytics

Current Use

Island Time Water Park Rick's on the Island & Island ... Restaurant Destin Bowfishing Tour Operator Destin Inshore Charters Tour Operator Vacay Hotel & Motel

Suggested Use

Top Pick Law Firm Building Supply Big Box & Wholesale Store Skin Care Clinic Spa & Massage Center Grocery & Convenience 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,343
Businesses Nearby
18k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 74% Hotels & Casinos 15% Shops & Services 10%
Whataburger Dining
10,898 visits/mo 0.2 miles
Captain D's Dining
2,367 visits/mo 0.2 miles
Residence Inn Fort Walton Beach Hotels & Casinos
1,454 visits/mo 0.1 miles
Napa Auto Parts Shops & Services
1,235 visits/mo 0.5 miles
La Quinta Inn & Suites Fort Walton Beach Hotels & Casinos
1,026 visits/mo 0.1 miles

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

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Playa florida 1345 US-98, Okaloosa Island, FL 32548
  • Waves Bar & Grill The Upper Deck - Beach Side, 1325 Miracle Strip Pkwy SE, Okaloosa Island, FL 32548
  • Sammy's on the Island 1224 Santa Rosa Blvd, Fort Walton Beach, FL 32548
  • Tripp Tide Beach Bar 1500 Miracle Strip Pkwy SE, Fort Walton Beach, FL 32548
  • Red Rose Gentlemen's Club 106 Santa Rosa Blvd, Fort Walton Beach, FL 32548

Frequently Asked Questions

What type of property is this?
Bar & Pub - 15,640 SF restaurant/bar on 2.79 acres on Choctawhatchee Bay.
Where is this bar & pub located?
The property is located at 1318 SE Miracle Strip Parkway Fort Walton Beach, FL.
What are key features of this property?
This property features: Prime location on Okaloosa Island, a major tourist destination.; Large 15,640 SF restaurant/bar space.; Situated on 2.79 acres on the Choctawhatchee Bay.
(850) 243-0007 Call to check price and availability
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