320 E Miracle Strip Parkway
Mary Esther, FL 32569
$9,600,000
Active
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.
Listing details MLS# 1007838
Location, Tax and Legal
- Area
- 12 - Fort Walton Beach
- Sub area
- 1204 - Mary Esther/East of Hurlburt
- County
- Okaloosa
- Parcel ID
- 16-2S-24-0000-0034-0000
- Legal description
- See Doc section for legal description
- Zoning
- Public Lands
General Property Info
- Property type
- Commercial for Sale
- Acreage
- 20.48
- Lot size (sq ft)
- 892108.8
- Lot dimensions
- 624x1122x654x1376
- New construction
- No
- Condition
- Existing
Remarks and Misc
- Directions
- Highway 98 / Miracle St., Parkway just west of Mary Esther Boulevard next to target
