550 Mary Esther Cut OffFort Walton Beach, FL 32548
- Retail properties
- 25,185 SF
Property Details for 550 Mary Esther Cut Off
- Year built
- 1986
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.19 AC
- Property size (Sq ft)
- 25,185 SF
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 09-2S-24-1860-0016-005B
- APU
- 092S2418600016005B
Description
This exceptional retail space, located within the bustling Longhorn Plaza at 550 Mary Esther Cut Off NW, Fort Walton Beach, FL 32548, offers 1,200 to 2,160 square feet of versatile commercial space in a high-traffic area. Situated on Mary Esther Cut Off, a major retail corridor boasting 26,000 cars per day, this property benefits from excellent visibility and accessibility. The strategic location is less than two miles from Hurlbert Field, a significant employer of 25,000 military and civilian personnel. Furthermore, the proximity to Eglin Air Force Base, Florida's largest military base serving over 71,000 personnel, and the Commerce and Technology Park (CTP), a 320-acre office/industrial park employing 2,500, ensures a robust and diverse customer base. The single-story building totals 25,158 square feet and is part of a thriving retail center anchored by established businesses such as Longhorn Steakhouse, UPS, Sally Beauty, and Jin Jin. This presents a unique opportunity for businesses seeking high visibility and a strong customer base in a prime Fort Walton Beach location. The minimum divisible space is 1,200 square feet. This property is ideal for a variety of retail uses.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,014,054
- 6.5%
- $4,628,358
- 7%
- $4,297,761
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,295,516
- Geo Method
- $4,511,812
-
Alternative Use
- Use
- Valuation
- Residential
- $3,904,193
- Hospitality
- $3,576,220
- Educational
- $2,975,373
- Medical
- $3,077,700
- Retail
- $4,628,358
Location Insight
- City
- Fort Walton Beach
- County
- Okaloosa
- State
- Florida
- Latitude
- 30.4208
- Longitude
- -86.6512
- CBSA code
- 18880
- CBSA name
- CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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