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Fort Walton Beach Council agenda — 08-20-13--surplus properties — reading text
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the price per foot ranges from $ 7. 17 to $ 13. 65, thus averaging $ 10. 00 per foot for similar
properties, which we feel establishes and aggressive base line price per foot value for the Subject
Property. Without knowing your timelines for disposition, we would like to submit a range of
values noted below as Conservative, Average, and Aggressive.
The range of values for the Subject Property is as follows:
TOTAL SQFT FOR SUBJECT PROPERTY: 29, 185 SQ FT
Price Per Foot: Sales Price:
Conservative: $ 7. 50 per foot Sales Price: $ 218, 887. 50
Average: $ 10. 00 per foot Sales Price: $ 291. 850. 00
Aggressive: $ 13. 50 per foot Sales Price: $393, 997. 50
BEST USE
The highest and best use is commercial development. This property has good exposure on HWY
98 which should attract a qualified buyer. We would need to be able to show the property has a
clean bill of health from an environmental stand point.
N
METHOD OF DISPOSAL UNA
Market the property for sale. Time on market, 6 -18 months. N
Recommended asking price: $ 291, 850. 00
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Subject Property:
25 Miracle Strip Pkwy, port Walton Beach, FL 32548
Current Use Vacant
CmTent Zoning: CG ( Commercial)
Current Furore Land Use COM ( Commercial)
Parcel Number 14- 25 -24- 3218 -0008 -0030 < N
Acrcs- e:. 67
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