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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

547 Mary Esther Blvd Fort Walton Beach, FL 32548

10,000 SF 1.5 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 10,000 SF
Lot 1.5 ac (65,340 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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