Catylist ID:
#30776144
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: | 1/6/2022 |
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 |
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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