514 Mary Esther Cut - Medical FOR SALE


Fort Walton Beach, FL 32548
$1,950,000 USD
251-213-8811
514 Mary Esther Cut, Fort Walton Beach, FL for Sale
$1,950,000 USD
Medical - FOR SALE
1/63
null | Request Cap Rate

514 Mary Esther Cut
Fort Walton Beach, FL 32548


HIGHLIGHTS

  • Ample parking
  • Easy access
  • Strong street presence
  • Income-producing investment opportunity with future flexibility for an owner-occupant or redevelopment

OVERVIEW

Prime investment opportunity in the heart of Fort Walton Beach—this well-positioned, single-story office building offers exceptional visibility and accessibility along the highly traveled Mary Esther Cut Off corridor. Previously operating as a medical/urgent care facility, this approximately 6,000+ square foot building sits on a generous lot and is designed for functionality with ample parking, easy access, and strong street presence. The property provides an ideal setup for medical, professional office, or owner-user scenarios. Existing tenant lease term expires March 1, 2026. This property presents a compelling income-producing investment opportunity with future flexibility for an owner-occupant or redevelopment. Located just minutes from Eglin AFB, Hurlburt Field, and the beaches of Okaloosa Island, this central location offers strong demand drivers and long-term growth potential in one of the Gulf Coast’s most active markets. Whether you're looking to expand your portfolio or secure a strategic location for your business, this property delivers on location, visibility, and opportunity.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

-

APN/PARCEL ID

09-2S-24-1860-0014-0060,09-2S-24-1860-0014-0270

ASK ABOUT THIS PROPERTY

David CoateRE/MAX Gulf PropertiesMore Info
251-213-8811

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David CoateRE/MAX Gulf PropertiesMore Info
251-213-8811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.