For Sale
$1,450,000

215 Miracle Strip Pkwy Fort Walton Beach, FL 32548

Historic Downtown, High-Traffic Location, Established Lease

Overview

Added:
Dec 11, 2024
Days on market:
136
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.

Highlights

  • $1,450,000 asking price.
  • 4,800 square foot retail building.
  • Located at 215 Miracle Strip Pkwy SE, Fort Walton Beach, FL 32548.
  • Completely renovated restaurant space in 2002.
  • High visibility, ample parking, and high traffic count.
  • Currently leased to a long-standing restaurant with a new five-year triple net lease.

Property Details for 215 Miracle Strip Pkwy

Property type
Retail properties, Restaurants
Square Feet
4,800 SF

Location Insight

City
Fort Walton Beach
County
Okaloosa
State
Florida
Latitude
30.4038203
Longitude
-86.6045344

FAQs

What type of property is this?
Retail property - Historic Downtown, High-Traffic Location, Established Lease
Where is the retail property located?
The property is located at 215 Miracle Strip Pkwy Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: $1,450,000 asking price.; 4,800 square foot retail building.; Located at 215 Miracle Strip Pkwy SE, Fort Walton Beach, FL 32548.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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215 Miracle Strip Pkwy
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