Re-Development Opportunity in Mary Esther

Retail-Commercial for Sale
Catylist Listing ID: 30776144
Property Subtypes: Mixed Use, Other
Building Status: Proposed
Building Size (RSF): 29,471 SF
Gross Building Area: See Agent
Sale Price: $2,250,000
Unit Price: $76.35 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: REGAL SUN PLAZA THEATER
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/15/2022

Overview / Comments

Beck Partners is pleased to present a turnkey opportunity to acquire the Sun Plaza Theater in Mary Esther. This property is a 29,471 SF building constructed on 1.23 acres with high ceilings and a fully paved and striped parking lot. The property is located on Mary Esther Boulevard, in the heart of the community’s retail district. It neighbors one of the area’s largest retail centers, anchored by Publix and other national, regional, and local retailers that all cater to Okaloosa County’s population of 250,000 and three nearby military bases (Hurlburt, Eglin, and Duke). Tourists also frequent this area of the Emerald Coast averaging 126.1 million out of state visitors each year. Possibilities for redevelopment are endless, including retail, church, industrial, storage, housing, etc.

26,771 SF
1.23 acres
Visibility- Directly on Mary Esther Blvd
Pylon Signage

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 16-2S-24-0000-0001-001A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,467 39,565 63,191
Median Age: 38.35 37 38.26
Households: 3,153 16,555 26,883

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