109 Racetrack Rd Fort Walton Beach, FL 32547
- Strip malls
- 60,964 SF
- 4.05 lot acres
Current Use by Public Records
- Thai Hut Garden / Thai Restaurant / Asian Restaurant
- Stars N Stripes Liquor & Fine Wine / Liquor Store / Beer Store
- Gulf Coast Monuments / Monument Maker
- Ocean City Bingo / Bingo Hall
- FLUENT Cannabis Dispensary - Fort Walton Beach / Herb Shop / Cannabis Store
Property Details for 109 Racetrack Rd
- Year built
- 1965
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.05 lot acres
- Property size
- 60,964 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 01-2S-24-0000-0032-0000
- APU
- 012S24000000320000
Description
This exceptional leasing opportunity is located at 109 Racetrack Rd NE, Fort Walton Beach, FL 32547, within the Beltway Plaza Shopping Center. The property offers 1,540 square feet of versatile retail/restaurant space, ideal for a variety of businesses. Situated on a 4.05-acre lot, this Class C property enjoys prime visibility and signage along Racetrack Rd NE, benefiting from exposure to over 28,500 vehicles daily. The shopping center comprises two single-story buildings totaling 62,504 square feet and fourteen suites. Built in 1970, this established center provides a strong foundation for new tenants. The zoning is designated as SH CTR COMM. The property's location in Fort Walton Beach, Florida (zip code 32547) offers excellent access and visibility. This is a rare opportunity to secure a space in a high-traffic location within a well-established shopping center. The property's APN is 01-2S-24-0000-0032-0000. The cross street is Racetrack Rd NE. This space is ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,100,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $905,000
- 6.5%
- $940,000
- 7%
- $865,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $865,000
- Geo Method
- $945,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $770,000
- Retail
- $805,000
- Mixed-Use
- $765,000
- Hospitality
- $895,000
- Educational
- $775,000
- Residential Income
- $1,000,000
- Energy
- $1,010,000
- Income-Based Land
- $955,000
- Food Service
- $935,000
Location Insight
- Map
- Local Demand
- City
- Fort Walton Beach
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.6102
- Latitude
- 30.4469
- CBSA code
- 18880
- CBSA name
- CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA
