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    FOR LEASE
    Retail space

    401 Mary Esther Blvd, Mary Esther, FL 32569

    5,910 SF 0.57 ac lot Built 1980
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US18-1742205
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents approximately 6,000 square feet of space available for lease in a vibrant Okaloosa County location. Situated at the signalized intersection of Mary Esther Boulevard and Bryn Athyn Road, this property benefits from high visibility and significant traffic, boasting an impressive 24,500 AADT. The building, constructed in 1998, previously housed a Cash America Pawn shop and features two convenient roll-up doors, ideal for various retail operations. Ample parking is available for customers and employees. This single-tenant space is part of a strip center, sharing the location with established businesses such as Game Stop and a Cell Phone Repair shop, creating a synergistic retail environment. The property sits on a 0.76-acre lot and is zoned C-2, offering flexibility for a range of retail uses. The property's location at a busy intersection ensures maximum exposure to potential customers, making it an ideal location for businesses seeking high foot traffic and visibility. The parcel number is 16-2S-24-0291-0007-012F. This is a rare opportunity to secure a well-located, spacious retail property in a thriving commercial area. Don't miss out on this chance to establish your business in a prime location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1980
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 5,910 SF
    Lot 0.57 ac (25,026 SF)
    APN 16-2S-24-0291-0007-012F
    UPID US18-1742205
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Greenpath Debt Counseling Law Firm Financial Advisor
    • Cash America Pawn Discount Store (Bike/Boat/Book/etc) Store
    • GameStop Arcade & Gaming Center Electronics & Wireless Store
    • Xi Beauty & Hair Supply (Bike/Boat/Book/etc) Store Cosmetic Store
    • Re-Sale Financial LLC Business To Business Service Courier Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.53M
    CAP Approach CAP
    $1.31M
    Comparable Approach Comparable
    $1.73M
    Blend (final) Blend
    $1.37M
    Owner & transaction history
    401 Mary Esther Blvd LLC · 6 yrs held
    401 Mary Esther Blvd LLC
    since 2020
    Last sale
    $1.3M
    3 recorded transactions
    2020
    2020
    $1.3M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.5M +28.3%
    Restaurant $1.3M +10.8%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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