14 Racetrack Road, Coveted Waterfront Setting

Retail-Commercial for Sale
Catylist Listing ID: 30856552
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad
Building Size (RSF): 6,833 SF
Gross Building Area: See Agent
Sale Price: $1,777,500
Unit Price: $260.13 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/28/2023

Overview / Comments

Introducing an exceptional and distinctive commercial waterfront gem, presenting an unparalleled opportunity in the heart of Fort Walton. With over 6,000 square feet of meticulously designed heated and cooled space, this remarkable property has a storied history, having previously housed a prestigious formal gown boutique and, prior to that, a renowned waterfront restaurant.

This exquisite establishment offers endless possibilities for visionary entrepreneurs seeking to make their mark in a coveted waterfront setting. The versatile layout, impeccable craftsmanship, and prime location are poised to elevate any venture to new heights of success.

The first floor's expansive area is ideal for crafting an upscale dining destination, art gallery, boutique retail haven, or any other bespoke commercial enterprise. Expansive full-height windows provide panoramic views of the picturesque waterfront, creating an inviting and immersive ambiance for patrons.

A captivating bonus lies above, where a second-floor residence spanning 1,560 square feet awaits. Featuring one spacious bedroom and a tastefully appointed bathroom, this luxurious living space is not only an elegant retreat but also a potential income generator. Lease it out or reside in style while overseeing your commercial masterpiece below.

Beyond the inherent charm and character of this property, the location itself is a treasure. Fort Walton Beach is renowned for its vibrant community, attracting both locals and tourists alike. The captivating waterfront vistas and the vibrant ambiance make this locale a destination in its own right.

With its unique blend of history, craftsmanship, and waterfront allure, this extraordinary property is a canvas waiting for the stroke of your imagination. Seize this opportunity to create a legacy that will captivate the senses, inspire the soul, and leave an indelible mark on Fort Walton Beach's commercial landscape.

As if this exceptional property couldn't get any better, the owner also possesses the adjacent vacant parcel, spanning a generous 0.67 acres. This pristine waterfront expanse is currently utilized as a breathtaking wedding venue, offering a captivating backdrop of scenic waterfront settings and the most enchanting sunsets imaginable.

Imagine the seamless synergy between these two remarkable properties, where the possibilities are as boundless as the horizon. Whether you envision expanding your enterprise, creating a harmonious blend of commercial and event spaces, or further enhancing the allure of this picturesque location, the canvas for your aspirations is ready and waiting.

This additional parcel ($975,000) represents an extraordinary opportunity to elevate your vision to new heights, ensuring that your establishment becomes the premier destination for unforgettable moments and cherished memories.

Don't miss this rare chance to own not one, but two waterfront jewels that can be seamlessly integrated to offer a unique and unrivaled experience for discerning clientele. Contact us today to explore the endless potential of this remarkable commercial offering.

Contact us today or your favorite Real Estate Agent to embark on your journey towards making this exceptional commercial waterfront property your own. The canvas is ready, and the stage is set for your vision to shine.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 35-1S-24-1550-0006-0000
Retail Clientele: General, Family, Business
Property Located Between: Mooney Road and Eglin Parkway
Property Visibility: Excellent
Largest Nearby Street: Mooney Road
Feet of Frontage: 100
Airports: Fort Walton Beach Destin Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 15
Property Condition: Excellent
Year Built: 1959
Parking Type: Surface

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,254 63,303 68,079
Median Age: 38.56 39.4 38.42
Households: 5,293 27,069 28,589


Photograph of Listing Agent

Nikki Segraves Wood

ERA American Real Estate Gulf Coast CMLS Member
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions.