Freestanding Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30775226
Property Subtypes: Restaurant
Building Size (RSF): 7,609 SF
Gross Building Area: See Agent
Gross Land Area: 0.86 Acres
Sale Price: $995,000
Unit Price: $130.77 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/18/2022

Overview / Comments

Freestanding restaurant opportunity located in Fort Walton Beach, FL. The property has ample parking, excellent visibility, and exposure on one of the highest-trafficked streets in Fort Walton Beach, Eglin Pkwy (40,500 AADT). The +/- .86 acre property has a +/-7,609 sq ft freestanding building, which was previously a restaurant. It is an ideal location for a restaurant or retail user. The bridge along Eglin Pkwy drives traffic to the site from the Eglin Airforce Base and the Destin-Fort Walton beach airport. Traffic volumes, growth, and accessibility of the immediate trade area have attracted many national brands. The site is close to several national retailers and restaurants, including Publix, CVS, Dollar Tree, Autozone, Ashley HomeStore, Denny’s, Arby’s, and many more.

Attachments & Media

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Taxing Authority: Okaloosa
Tax ID/APN: 01-2S-24-0180-0002-0010
Zoning: COM
Retail Clientele: General, Business, Other
Property Visibility: Excellent
Feet of Frontage: 187
Traffic/Vehicle Count: 40,500
Area Description: Fort Walton Beach is located between Pensacola and Panama City. The Property's trade area is largely characterized by military personnel from Eglin Air Force Base and Hurlburt Field. Eglin Air Force Base covers over 463,000 acres and employs more than 8,500 military and approximately 4,500 civilians. Hurlburt Field has 10,782 active duty military personnel and 1,316 civilian employees. These combine to create a very stable employment base for the trade area, making it highly desirable. The new projects and infrastructure improvements within the Fort Walton Beach MSA have drawn private development to the city, creating new jobs and a booming economy. With the stable economy, Northwest Florida College, the largest U.S. air force base globally, strong tourism market, low state taxes, highly-rated school systems, and beautiful beaches, Okaloosa County, Florida has become a highly sought after MSA and community to reside and popular tourist destination.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1982
Total Parking Spaces: 29
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,468 55,454 65,566
Median Age: 39.36 39.81 39.06
Households: 2,316 24,125 28,011

Contact

Photograph of Listing Agent

Harry Bell

Bellcore Commercial LLC Gulf Coast CMLS Member
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