Power Center Site! Positioned directly along the high-traffic US Highway 98 corridor, this prominent 20+/- acre property presents a rare commercial acquisition, redevelopment, and adaptive-reuse opportunity in Mary Esther. Located adjacent to Target and Hampton Inn, the property offers exceptional visibility and convenient access to Fort Walton Beach, Hurlburt Field, surrounding, beaches, bays commercial and residential areas, and destinations throughout the Emerald Coast. The site includes developed existing school that was in operation in 2026. The buildings combined are approximately 53,186 square feet with existing improvements, offering potential for repurposing or integration into a larger redevelopment vision. With prime frontage along E. Miracle Strip Parkway ( US Hwy 98) and potential access extending to Hollywood Boulevard, the property provides the scale, exposure, and connectivity to accommodate a variety of future concepts. Currently zoned Public Use and adjoining C-1, C-2, and residential zoning, the site may offer potential for commercial power center, hospitality, multifamily, mixed-use, medical, senior-living, or other redevelopment opportunities, subject to rezoning and all applicable land-use regulations and governmental approvals. Creative site planning and evaluation of the property’s developed and undeveloped acreage may provide additional opportunities to maximize the site’s potential. Property will be conveyed subject to deed restrictions prohibiting future use as a school. Bring your engineer and development paint brush to Mary Esther, Ft Walton Beach area today!