215 Miracle Strip SW Pkwy Fort Walton Beach, FL 32548
Property profile & analytics
215 Miracle Strip SW Pkwy Fort Walton Beach, FL 32548
- Turn key restaurants
- 4,767 SF
- 0.17 lot acres
Property ID
US18-3903259
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Fokker's Pub / Restaurant
Property Details for 215 Miracle Strip SW Pkwy
- Year built
- 1945
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.17 lot acres
- Property size
- 4,767 SF
- Property type
- Turn key restaurants
- APN
- 24-2S-24-0300-000A-0040
- APU
- 242S240300000A0040
Description
This exceptional 4,800 square foot retail building, located at 215 Miracle Strip Pkwy SE in Fort Walton Beach, Florida (zip code 32548), presents a lucrative investment opportunity. Situated in the heart of historic downtown, just before the Brooks Bridge leading to Okaloosa Island, this property boasts unparalleled visibility and accessibility. Completely renovated in 2002, the building currently operates as a restaurant and benefits from its adjacency to a city parking lot, ensuring ample parking for patrons. The high traffic count in this area guarantees significant foot traffic and potential customer base. The property features a newly signed five-year triple net lease with a long-standing restaurant tenant, boasting over 15 years of successful operation. This provides immediate and consistent income generation for the investor. This makes it an ideal investment for those seeking a stable, high-return property in a prime location. The asking price for this exceptional property is $1,450,000. The property is located in Okaloosa County and offers a fantastic opportunity for continued success in the thriving Fort Walton Beach market. This turnkey operation requires minimal effort to maintain its current high level of profitability.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,280,000
- ML approach
- $1,235,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,090,000 Current use
- AUTO REPAIR, GARAGE
- $1,095,000 Change: +0% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $875,000 Change: -20% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Fort Walton Beach
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.6045
- Latitude
- 30.4039
- CBSA code
- 18880
- CBSA name
- CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,910
$113,954
$166,505
$280,459
-
$113,954
$166,505
$280,459
