For Sale
$4,300,000

124 Hwy 98 Mary Esther, FL 32569

16 Units, 25,000 SF, High Occupancy

Source: https://www.saltercompany.com

Overview

Added:
Feb 5
Days on market:
81
This exceptional 25,000 square foot professional office complex presents a lucrative investment opportunity in the thriving Mary Esther, Florida market. Strategically located on Highway 98, this property enjoys high visibility and convenient access between Hurlburt Field Air Force Base and the Mary Esther Cutoff, ensuring a steady stream of potential clients and employees. The complex comprises sixteen individual units, currently housing a diverse tenant base including defense contractors, medical professionals, and other businesses. This desirable mix of tenants contributes to a strong and stable occupancy rate. The 0.82-acre lot provides ample space and potential for future expansion or development. The asking price is $4,300,000. This property offers a compelling blend of established income and significant growth potential, making it an ideal acquisition for discerning investors seeking a high-return asset in a prime location. Detailed financial information is available upon request. The property's location in Okaloosa County, Florida, zip code 32569, ensures easy access to regional amenities and transportation networks. This is a rare opportunity to acquire a well-established, income-producing asset in a rapidly growing area.

Highlights

  • Prime Mary Esther location on Hwy 98, between Hurlburt AFB and Mary Esther Cutoff.
  • 16-unit professional office complex offering diverse tenant mix.
  • 25,000 square feet on a 0.82-acre lot, ideal investment opportunity.

Property Details for 124 Hwy 98

Property type
Office properties, Medical offices
Square Feet
25,000 SF
Price / Square Foot
$172
Class
C
Buildings
1
Stories
2
Elevators
N/A
Lot Size (sq. ft)
35,922 SF
Units
16

Location Insight

City
Mary Esther
County
Okaloosa
State
Florida

FAQs

What type of property is this?
Office property - 16 Units, 25,000 SF, High Occupancy
Where is the office property located?
The property is located at 124 Hwy 98 Mary Esther, FL.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Prime Mary Esther location on Hwy 98, between Hurlburt AFB and Mary Esther Cutoff.; 16-unit professional office complex offering diverse tenant mix.; 25,000 square feet on a 0.82-acre lot, ideal investment opportunity.
How can I contact the broker?
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124 Hwy 98
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