109 Racetrack RdFort Walton Beach, FL 32547

Property Details for 109 Racetrack Rd

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.05 AC

Property size (Sq ft)

60,964 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

01-2S-24-0000-0032-0000

APU

012S24000000320000

Description

This exceptional leasing opportunity is located at 109 Racetrack Rd NE, Fort Walton Beach, FL 32547, within the Beltway Plaza Shopping Center. The property offers 1,540 square feet of versatile retail/restaurant space, ideal for a variety of businesses. Situated on a 4.05-acre lot, this Class C property enjoys prime visibility and signage along Racetrack Rd NE, benefiting from exposure to over 28,500 vehicles daily. The shopping center comprises two single-story buildings totaling 62,504 square feet and fourteen suites. Built in 1970, this established center provides a strong foundation for new tenants. The zoning is designated as SH CTR COMM. The property's location in Fort Walton Beach, Florida (zip code 32547) offers excellent access and visibility. This is a rare opportunity to secure a space in a high-traffic location within a well-established shopping center. The property's APN is 01-2S-24-0000-0032-0000. The cross street is Racetrack Rd NE. This space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $12,137,257

  6.5%

  $11,203,622

  7%

  $10,403,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,397,929

  Geo Method

  $10,921,506

• Alternative Use

  Use

  Valuation

  Residential

  $9,450,674

  Hospitality

  $8,656,767

  Educational

  $7,202,328

  Medical

  $7,450,028

  Retail

  $11,203,622

Location Insight

City

Fort Walton Beach

County

Okaloosa

State

Florida

Latitude

30.4469

Longitude

-86.6102

CBSA code

18880

CBSA name

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

Property Tax & Assessments

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