Property Description

Power Center Site! Positioned directly along the high-traffic US Highway 98 corridor, thisprominent 20+/- acre property presents a rare commercial acquisition, redevelopment, andadaptive-reuse opportunity in Mary Esther. Located adjacent to Target and Hampton Inn, theproperty offers exceptional visibility and convenient access to Fort Walton Beach, HurlburtField, surrounding, beaches, bays commercial and residential areas, and destinations throughoutthe 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 primefrontage along E. Miracle Strip Parkway ( US Hwy 98) and potential access extending toHollywood Boulevard, the property provides the scale, exposure, and connectivity toaccommodate 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 torezoning and all applicable land-use regulations and governmental approvals. Creative siteplanning and evaluation of the property's developed and undeveloped acreage may provideadditional opportunities to maximize the site's potential. Property will be conveyed subject todeed restrictions prohibiting future use as a school. Bring your engineer and development paintbrush to Mary Esther, Ft Walton Beach area today!

Property Features