106 Racetrack NE Rd, Fort Walton Beach, FL 32547-1872
This exceptional 7,963-square-foot commercial building presents a unique investment opportunity in Fort Walton Beach, Florida. Situated on a 1.63-acre lot at 106 Racetrack Rd NE, 32547, this single-story, 2003-built structure boasts a spacious, open-concept interior ideal for customization. Currently vacant, the property offers significant potential for a variety of uses, thanks to its C-3 zoning. The building features high ceilings and ample restroom and storage space. A key advantage is the extensive paved parking area, providing nearly 100 spaces for employees and clients. The property enjoys high visibility with over 250 feet of frontage on Racetrack Road, a major thoroughfare with an average daily traffic count exceeding 27,000 vehicles. This prime location in Okaloosa County offers easy access to local amenities and a strong regional economy. The asking price is $1,800,000, translating to $226.05 per square foot. This presents a blank canvas for a discerning investor or business owner seeking a prominent presence in a thriving market. The property's size and location make it suitable for a wide range of commercial ventures. Don't miss this chance to acquire a substantial commercial property in a high-traffic area.
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Racetrack Bingo Bingo Hall
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.