3397 Highway 98 W Mary Esther, FL 32569
For Sale
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This exceptional 0.83-acre commercial redevelopment opportunity is located at 3397 W Highway 98 in Mary Esther, Florida, 32569. The property, situated on a prominent corner at the intersection of Highway 98/Navarre Parkway and Rosewood Avenue, benefits from high visibility and significant daily traffic counts of 44,500 vehicles. The existing 2,047 square foot building was constructed in 1978 and sits on a single-story structure. The land is zoned MU, allowing for a wide range of commercial uses. This site presents a unique chance to capitalize on its strategic location adjacent to a newly developed Publix Shopping Center. The asking price is $650,000, translating to $17.98 per square foot and $783,133 per acre. Seller financing may be available. The property features one building and has a single tenancy. The APN is 18-2S-25-0000-0014-0010. This is a rare opportunity to acquire a high-traffic commercial property in a thriving Okaloosa County location.
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.