12 Eglin SE Pkwy Fort Walton Beach, FL 32548-5422
This vacant 2,828-square-foot retail space in Fort Walton Beach, Florida, is available for $540,000 ($190.95/sq ft). Located at 12 Eglin Pkwy SE, 32548, this Class C property boasts a high-traffic count of 37,000 vehicles daily (2022 data). The single-tenant building sits on a commercially zoned (COM) lot and is ideal for a variety of uses, including restaurants, bars, convenience stores, or other retail establishments. The spacious interior includes a large restroom, office space, and adaptable rooms easily converted into a kitchen or additional offices. Previously a tobacco store, the property offers ample parking. Its prime location in a retail corridor near Eglin Air Force Base provides excellent visibility and accessibility. The property is also conveniently located minutes from other top restaurants, retail businesses, and offices in Fort Walton Beach, as well as the beautiful Gulf Coast beaches, hotels, and the nearby city of Destin. This owner-user opportunity presents a strong investment potential in a thriving area.
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.