320 E Miracle Strip Parkway, Mary Esther, FL 32569
$9,600,000
Property Type:
Commercial for Sale
Lot Size (sq. ft.):
892,109
Status:
Active
Current Price:
$9,600,000
List Date:
7/16/2026
Last Modified:
8/04/2026
Listing Details MLS# 1007838
Contract Info
- GCCMLS Number
- 45265780
- Listing Board
- Emerald Coast
Location Tax and Legal
- Area
- 12 - Fort Walton Beach
- Street #
- 320
- Street Direction
- E
- Street Name
- Miracle Strip
- Street Suffix
- Parkway
- State
- FL
- Zip Code
- 32569
- County
- Okaloosa
- Parcel ID
- 16-2S-24-0000-0034-0000
General Property Info
- Listed on GCCMLS
- Yes
- Property Information
- School demo for Power Center or Repurpose
- Vacant
- Yes
- Immediate Occupancy
- Yes
- Acreage
- 20.48
- Lot SqFt
- 892108
- Lot Frontage
- 654
- Lot Depth
- 1250
- Zoning
- Public Lands
- Future Land Use
- C-1 or C-2
More Information
Other
- Year Built
- 1965
- Building SqFt
- 53586
- # of Units
- Yes
Retail
- Year Built
- 2008
- Unit SqFt
- 53186
- Building SqFt
- 4388
- # of Units
- Yes
Location, Tax and Legal
- Sub Area
- 1204 - Mary Esther/East of Hurlburt
- Property Name
- Mary Esther Elementary
- Legal Description
- See Doc section for legal description
Listing Info, Tax & Legal
- As Is
- Yes
Remarks & Misc
- Remarks
- 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.
Class
- Hotel/Motel
- Yes
- Land
- Yes
- Retail
- Yes
- Other
- Yes
Construction Status
- Existing
- Yes
Hotel/Motel
- Year Built
- 1965
- # of Rooms
- 20
Property Features
Class:
Hotel/Motel; Land; Retail; Other
Construction Status:
Existing
Legal Description ›
Listing Office:
RE/MAX Agency One
Last Updated: August - 04 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.