320 E MIRACLE STRIP PKWY, MARY ESTHER, FL 32569-1926 For Sale

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 a 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. Property will be conveyed subject to

deed restrictions prohibiting future use as a school. Bring your engineer and development paint

brush to Mary Esther, Ft Walton Beach area today! Shown by appointment only, please call listing office.