Catylist ID:
#30856552
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 |
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 |
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