Retail + Night Club + Parking Lot | Downtown Fort Walton Beach, FL

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30798570
Property Subtypes: Free-Standing Building, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending
Building Size (RSF): 18,853 SF
Gross Building Area: See Agent
Gross Land Area: 1.23 Acres
Sale Price: $2,000,000
Unit Price: $106.08 PSF
Property Use Type: Business
Usable Size (USF): 18,853 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/7/2022

Overview / Comments

Location, Location, Location! Zoned Commercial & Mixed-Use. Prime for development or holding. Property includes the Vibe Night Club, Fort Walton Beach Flea Market, & a large parking lot. Property consists of 2 parcels. Key location to great traffic exposure! Fronts 2 main arteries (Eglin Pkwy & Perry Ave). Downtown Fort Walton Beach, FL offers unique shopping experiences including antique shops, surf shops, clothing boutiques, art & jewelry stores, local restaurants & bars, live music, The Landing (waterfront park/recreation facility) w/annual events, local farmers market, hotels, & so much more! Property located in the designated Fort Walton Beach Downtown Business & Entertainment District. Just a few blocks away from Hwy 98 & the Brooks Bridge. Do not disturb tenants. Call for details

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Submarket Type: Redevelopment District
Taxing Authority: Okaloosa County
Tax ID/APN: 2 Parcels: 13-2S-24-1910-0396-0000 & 13-2S-24-1910-0488-0000 (See Legal Description)
Zoning: MX-2 & CG
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Eglin Pkwy (Hwy 85) & Perry Ave
Property Visibility: Excellent
Largest Nearby Street: Eglin Pkwy (Hwy 85), Hwy 98
Feet of Frontage: 452
Traffic/Vehicle Count: 24,000
Highway Access: Eglin Pkwy (Hwy 85) & Perry Ave
Airports: Destin-Fort Walton Beach Airport (FlyVPS)
Site Description: Great location with property located between two main thoroughfares featuring large parking lot, retail building, plus night club/bar all situated on 1.23 Acres.
Area Description: Downtown Fort Walton Beach, Florida offers a variety of unique shopping experiences including antique shops, surf shops, clothing boutiques, art & jewelry stores, local restaurants and bars, live music, The Landing (waterfront park/recreation facility) with annual events, local farmers market, hotels, and so much more! Property located in the designated Fort Walton Beach Downtown Business and Entertainment District.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1960
Year Renovated: 1985
Roof Type: Gable
Total Parking Spaces: 82
Parking Type: Surface
Interior Description: East side of building has 2 stories (Club/Bar side)
Zoning Description: Commercial & Mixed Use
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Land Ownership: owned
Legal Description: Purchase includes 2 Okaloosa County Parcels - 13-2S-24-1910-0488-0000 & 13-2S-24-1910-0396-0000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,039 43,265 65,566
Median Age: 41.33 39.82 39.06
Households: 4,137 18,914 28,011

Contact

Photograph of Listing Agent

Kenneth Wright

Platinum Lifestyle Professionals of Coldwell Banker Realty
Gulf Coast CMLS Member
Photograph of Listing Agent

Deneen M Sufnar

Coldwell Banker Realty
Gulf Coast CMLS Member
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