12 Eglin PkwyFort Walton Beach, FL 32548

Property Details for 12 Eglin Pkwy

Year built

1964

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.25 AC

Property size (Sq ft)

2,828 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

13-2S-24-1910-0460-0000

APU

132S24191004600000

Description

This vacant 2,828-square-foot retail space in Fort Walton Beach, Florida, is available for $540,000 ($190.95/sq ft). Located at 12 Eglin Pkwy SE, 32548, this Class C property boasts a high-traffic count of 37,000 vehicles daily (2022 data). The single-tenant building sits on a commercially zoned (COM) lot and is ideal for a variety of uses, including restaurants, bars, convenience stores, or other retail establishments. The spacious interior includes a large restroom, office space, and adaptable rooms easily converted into a kitchen or additional offices. Previously a tobacco store, the property offers ample parking. Its prime location in a retail corridor near Eglin Air Force Base provides excellent visibility and accessibility. The property is also conveniently located minutes from other top restaurants, retail businesses, and offices in Fort Walton Beach, as well as the beautiful Gulf Coast beaches, hotels, and the nearby city of Destin. This owner-user opportunity presents a strong investment potential in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $563,023

  6.5%

  $519,714

  7%

  $482,592

• Comparable approach

  Method

  Valuation

  Relative Method

  $482,339

  Geo Method

  $506,627

• Alternative Use

  Use

  Valuation

  Residential

  $438,398

  Hospitality

  $401,570

  Educational

  $334,102

  Medical

  $345,592

  Retail

  $519,714

Location Insight

City

Fort Walton Beach

County

Okaloosa

State

Florida

Latitude

30.411

Longitude

-86.6044

CBSA code

18880

CBSA name

CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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