48 Beal PkwyFort Walton Beach, FL 32548

Property Details for 48 Beal Pkwy

Year built

1957

Lot size

0.23 AC

Property size (Sq ft)

4,855 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional 4,855 square foot retail property, situated on a 0.23-acre lot in Fort Walton Beach, Florida, presents a unique investment opportunity. Built in 1957 and renovated in 1960, this single-story building boasts a strong net operating income (NOI) of $25,000, with a price per square foot of $30.90. The property includes 7 parking spaces and is zoned for commercial use. Currently housing a well-established dry cleaning and alteration service operating for 23 years, this turnkey business is available separately from the building for $150,000. The building itself is listed at $550,000. Its strategic location offers high visibility and accessibility, benefiting from proximity to major thoroughfares like Highway 98 (1.3 miles), Okaloosa Island (2 miles), Eglin Air Force Base (5 miles), and Hurlburt Field (7 miles). The property also features 4,152 square feet of air rights. This presents a compelling opportunity for investors seeking a stable, income-generating asset in a high-demand area with significant potential for growth. The property's location near popular beaches and major military installations ensures a consistent flow of customers and potential for future expansion. The existing business offers a proven track record and immediate cash flow.

Location Insight

City

Fort Walton Beach

County

Okaloosa

State

Florida

Latitude

30.4174

Longitude

-86.6136

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