# 124 Hwy 98, Mary Esther, FL 32569

> **TL;DR:** commercial, $4,300,000. Est. $22,997/mo. Listed 993 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $4,300,000 |
| Lot Size | 87,120 sqft (2.00 acres) |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 993 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $21,743 |
| Estimated Insurance | $1,254 |
| **Total** | **$22,997** |

## Property Highlights

- 2.00 acre lot

## Description

### Agent Description
Exceptional investment opportunity in the bustling town of Mary Esther. Situated right on Hwy 98 between Hurlburt AFB and Mary Esther Cutoff, this 16- unit professional office complex offers an ideal location for businesses seeking prime visibility and accessibility. Boasting a diverse mix of tenants including defense contractors, medical professionals, and other professionals, this property promises steady rental income and a investment. With its strategic position right west of Target, the complex enjoys excellent highway frontage and visibility, ensuring that businesses thrive in this high-traffic area. Ample parking further enhances the appeal of this property, making it convenient for both tenants and their clients.

## Location

- **Address:** 124 Hwy 98, Mary Esther, FL 32569
- **County:** Okaloosa
- **Coordinates:** 30.410152, -86.66319
- **Google Maps:** https://www.google.com/maps?q=30.410152,-86.66319

## Listing Agent

- **Name:** Craig S Barrett · **License:** 3294646
- **Brokerage:** NBI Properties, Inc.
- **Broker Phone:** (850) 243-0007

## Photos

![124 Hwy 98 - Photo 1](http://lh.rdcpix.com/91b38440d73b00791d140df261d1a3a7l-f2421151651r.jpg)

---

**MLS#:** 941845 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/124-hwy-98-mary-esther-fl-32569-a92a43e15a244c39a5b29ed8953c156e)

---

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