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320 E Miracle Strip Pkwy Mary Esther, FL 32569
892,108 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 892,108 sqft
Price per Sqft $10
MLS Listing ID 1007838
Lot Size 20.480 Acres
Acres 20.48
Lot Dimensions 624x1122x654x1376
Source Emerald Coast Association of REALTORS®
Property Description
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!
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!
Location
State FL
County Okaloosa
Area 12 - Fort Walton Beach
Zoning Public Lands
Direction Highway 98 / Miracle St., Parkway just west of Mary Esther Boulevard next to target
Exterior
Garage No
Building
Faces Highway 98 / Miracle St., Parkway just west of Mary Esther Boulevard next to target
New Construction No
Others
Pets Allowed No
Tax ID 16-2S-24-0000-0034-0000
Listed by Your House Team RE/MAX Agency One