180 Mary Esther BlvdMary Esther, FL 32569

Property Details for 180 Mary Esther Blvd

Year built

2013

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.68 AC

Property size (Sq ft)

9,831 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

16-2S-24-0000-0022-0020

APU

162S24000000220020

Description

This exceptional Class A, owner-user gas station and convenience store presents a lucrative investment opportunity. Located at 180 Mary Esther Blvd, Mary Esther, FL 32569, this 5,196 square foot property boasts a prime location with high visibility and traffic counts in a growing community. The Circle K branded station features six gas pumps and two tenants, achieving 100% occupancy. Built in 2013 and renovated in 2023, the property includes a recently painted building, a beer cave, and new restaurant equipment. Monthly sales exceed 60,000 gallons of gas and $161,000 in convenience store sales. The asking price is $4,500,000 ($866.05/sq ft). Importantly, this sale includes the real estate, fixtures, furniture, and equipment (FF&E), and goodwill. Inventory will be evaluated and purchased separately. No existing gas contracts, convenience store leases, or franchise agreements exist upon purchase. The property is zoned COM. This is a turnkey operation ready for immediate ownership and operation. Serious inquiries only. Showings by appointment only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,957,243

  6.5%

  $1,806,686

  7%

  $1,677,637

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,676,761

  Geo Method

  $1,761,192

• Alternative Use

  Use

  Valuation

  Residential

  $1,524,007

  Hospitality

  $1,395,982

  Educational

  $1,161,441

  Medical

  $1,201,385

  Retail

  $1,806,686

Location Insight

City

Mary Esther

County

Okaloosa

State

Florida

Latitude

30.4126

Longitude

-86.6556

CBSA code

18880

CBSA name

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

Property Tax & Assessments

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