124 Hwy 98, Mary Esther, FL 32569

$4,300,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 87,120 Status: Active
Current Price: $4,300,000 List Date: 2/08/2024 Last Modified: 2/09/2026

Overview

Description

Exceptional investment opportunity in the bustling town of Mary Esther. Situated right on Hwy 98 between Hurlburt AFB and Mary Esther Cutoff, this 16- unit professional office complex offers an ideal location for businesses seeking prime visibility and accessibility. Boasting a diverse mix of tenants including defense contractors, medical professionals, and other professionals, this property promises steady rental income and a investment. With its strategic position right west of Target, the complex enjoys excellent highway frontage and visibility, ensuring that businesses thrive in this high-traffic area. Ample parking further enhances the appeal of this property, making it convenient for both tenants and their clients.

Listing Details MLS# 941845

Contract Info

GCCMLS Number
30867142
Listing Board
Emerald Coast

Location Tax and Legal

Area
12 - Fort Walton Beach
Street #
124
Street Name
Hwy 98
State
FL
Zip Code
32569
County
Okaloosa
Parcel ID
16-2S-24-1710-000D-00A0; 16-2S-24-1710-000D-017C;

General Property Info

Listed on GCCMLS
Yes
Vacant
No
Acreage
2
Zoning
Commercial

Income Producing

Year Built
2001
Building SqFt
25000

More Information

Office

Year Built
2001
Building SqFt
25000
# of Units
16

Location, Tax and Legal

Sub Area
1204 - Mary Esther/East of Hurlburt
Legal Description
Parcel id # 16-2S-24-1710-000F-0270, 16-2S-24-1710-000D-00A, 16-2S-24-1710-000F-026, 16-2S-24-1710-000D-017C, 16-2S-24-1710-000D-017A

Listing Info, Tax & Legal

As Is
Yes

Remarks & Misc

Remarks
Exceptional investment opportunity in the bustling town of Mary Esther. Situated right on Hwy 98 between Hurlburt AFB and Mary Esther Cutoff, this 16- unit professional office complex offers an ideal location for businesses seeking prime visibility and accessibility. Boasting a diverse mix of tenants including defense contractors, medical professionals, and other professionals, this property promises steady rental income and a investment. With its strategic position right west of Target, the complex enjoys excellent highway frontage and visibility, ensuring that businesses thrive in this high-traffic area. Ample parking further enhances the appeal of this property, making it convenient for both tenants and their clients.

Class

Income Producing
Yes
Office
Yes

Construction Status

Existing
Yes

Property Features

Class: Income Producing; Office Construction Status: Existing
Listing Office: NBI Properties Inc
Last Updated: February - 09 - 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.