547 Mary Esther Blvd Fort Walton Beach, FL 32548
This exceptional 10,000 square foot restaurant opportunity is situated on a highly visible corner lot spanning 1.5 acres at 547 Mary Esther Boulevard on Okaloosa Island, Florida, zip code 32548. The property boasts a prime location on Mary Esther Cutoff, adjacent to Step One, ensuring high traffic volume and excellent visibility. Previously operated as a Fridays restaurant, the space is fully furnished and ready for immediate occupancy, featuring over 200 seats inside. The building's substantial size, combined with its strategic location and existing infrastructure, presents a unique opportunity for a variety of restaurant concepts. The property is classified as retail, with a restaurant subtype, and is offered at an asking price of $3,150,000. Its location in Okaloosa County, Fort Walton Beach, Florida offers access to a thriving tourist market and a strong local community. This turnkey operation eliminates the need for extensive renovations and allows for a swift commencement of business. The ample lot size provides potential for future expansion or outdoor seating. This is an exceptional opportunity to acquire a well-established restaurant property in a high-demand location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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