48 Beal Pkwy Fort Walton Beach, FL 32548
- Lifestyle centers
- 4,855 SF
- 0.23 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 48 Beal Pkwy
- Year built
- 1957
- Lot size
- 0.23 lot acres
- Property size
- 4,855 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 4,855 square foot retail property, situated on a 0.23-acre lot in Fort Walton Beach, Florida, presents a unique investment opportunity. Built in 1957 and renovated in 1960, this single-story building boasts a strong net operating income (NOI) of $25,000, with a price per square foot of $30.90. The property includes 7 parking spaces and is zoned for commercial use. Currently housing a well-established dry cleaning and alteration service operating for 23 years, this turnkey business is available separately from the building for $150,000. The building itself is listed at $550,000. Its strategic location offers high visibility and accessibility, benefiting from proximity to major thoroughfares like Highway 98 (1.3 miles), Okaloosa Island (2 miles), Eglin Air Force Base (5 miles), and Hurlburt Field (7 miles). The property also features 4,152 square feet of air rights. This presents a compelling opportunity for investors seeking a stable, income-generating asset in a high-demand area with significant potential for growth. The property's location near popular beaches and major military installations ensures a consistent flow of customers and potential for future expansion. The existing business offers a proven track record and immediate cash flow.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Walton Beach
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.6136
- Latitude
- 30.4174
