431 NW Racetrack Road, Fort Walton Beach, FL 32547

New Listing
$750,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 15,682 Status: Active
Current Price: $750,000 List Date: 6/04/2026 Last Modified: 6/04/2026

Description

Freestanding, Income producing asset occupied by Wesco Gas. They are a successful regional tenant servicing Propane Gas needs for the area. They have 12 total stores under management in the Southeast. Highly visible location along Racetrack Road in Fort Walton Beach, FL. This freestanding building has great curb appeal and is very functional for many different business types. Glass storefront with open showroom, new LVP flooring, several offices, kitchen/ break area, 2 restrooms and rear warehouse with two roll up doors. Nice amount of parking to allow for large trucks & trailers. Fenced in rear lot for outdoor storage. Building make up is roughly 2,500 SF showroom / office and 3,000 SF warehouse.

More Information MLS# 1004735

Contract Info

GCCMLS Number: 45018269 Listing Board: Emerald Coast List Date: 2026-06-04 List Price: $750,000

Location, Tax and Legal

Sub Area: 1206 - Ocean City Legal Description: Com Int Of E Line Of Beal St And N Sec Line Thc S Alg Line Of Beal St 865Ft Thc Left 90 Deg 1200Ft Thc Left 90Deg 865Ft Thc Left 90Deg 130Ft To Pob Cont 100Ft Thc Left 90Deg 194Ft Thc Left 90Deg 100Ft Thc Left 90Deg 194Ft To Pob Less Nly Part For R/W

General Property Info

Listed on GCCMLS: Yes Property Information: Freestanding, Income producing asset occupied by Wesco Gas. They are a successful regional tenant servicing Propane Gas needs for the area. They have 12 total stores under management in the Southeast. Highly visible location along Racetrack Road in Fort Walton Beach, FL. This freestanding building has great curb appeal and is very functional for many different business types. Glass storefront with open showroom, new LVP flooring, several offices, kitchen/ break area, 2 restrooms. Vacant: No Immediate Occupancy: No CAM: 2 CAM Per: Year Acreage: 0.36

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Freestanding, Income producing asset occupied by Wesco Gas. They are a successful regional tenant servicing Propane Gas needs for the area. They have 12 total stores under management in the Southeast. Highly visible location along Racetrack Road in Fort Walton Beach, FL. This freestanding building has great curb appeal and is very functional for many different business types. Glass storefront with open showroom, new LVP flooring, several offices, kitchen/ break area, 2 restrooms and rear warehouse with two roll up doors. Nice amount of parking to allow for large trucks & trailers. Fenced in rear lot for outdoor storage. Building make up is roughly 2,500 SF showroom / office and 3,000 SF warehouse.

Class

Income Producing: 1 Industrial: 1 Office: 1 Retail: 1

Construction Status

Existing: 1

Industrial

# Ground Level Doors: 2 Building SqFt: 5670 Property Type: Flex Space Cap Rate: 8.3

Office

# of Units: 1

Retail

# of Units: 1

Income Producing

Building SqFt: 5670 Annual Gross Income: 73710 Expenses: 11340 Net Operating Income: 62370 Cap Rate: 8.3 Property Type: Industrial

None

Current Price: $750,000

Status Change Info

Status: Active

Location Tax and Legal

Area: 12 - Fort Walton Beach Street #: 431 Street Direction: NW Street Name: Racetrack Street Suffix: Road State: FL Zip Code: 32547 County: Okaloosa Parcel ID: 03-2S-24-0000-0039-0000

Property Features

Class: Income Producing; Industrial; Office; Retail Construction Status: Existing
Listing Office: Taylor Allen Properties LLC
Last Updated: June - 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.