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$2,200,000
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Property Description
Exceptional Commercial Investment Opportunity on Eglin Parkway. Discover a rare and unparalleled investment opportunity located on the high-traffic Eglin Parkway. This free-standing commercial building--previously operated as a Burger King--offers 3,397 square feet of space on a generous 0.94-acre lot with 185 feet of direct highway frontage. Ideally designed for fast-food or quick-service restaurants, this property also presents endless redevelopment potential for a variety of business ventures. Key highlights include a dedicated drive-thru lane, ample parking, and high visibility--making it a strategic choice for entrepreneurs and investors alike. Property Features: New TPO roof with a 30-year warranty, 27.5 tons of air conditioning for efficient climate control, 8 ft x 10 ft walk-in refrigerator, 8 ft x 10 ft walk-in freezer, 10 ft x 20 ft dry storage unit, Structurally repaired for long-term stability, All windows replaced or resealed, Two restrooms, Spray-on insulation scheduled for June installation, Brand-new 4 ft x 8 ft high-definition LED sign (Wi-Fi enabled), 10 ft x 20 ft enclosed trash area. Whether you're seeking a turn-key restaurant space or looking to repurpose this high-profile location for a new concept, this property offers the ideal combination of infrastructure, location, and flexibility to bring your vision to life.
Full Property Details
Full Property Details for 1281 Eglin Pkwy
General
- Price: $2,200,000
- Status: Active
- Type: Commercial
- Source: Emerald_Coast
- MLS ID: 976366
- Updated: 5/15/2025
- Added to Site: 280 day(s) ago
Location
- Area: 12 - Fort Walton Beach
- County: Okaloosa
- Driving Directions: The property is located in Shalimar, directly on Eglin Parkway. This is the old Burger King building.
Lot Features
- Lot Size (Acres): 0.97
Disclosures and Reports
- Legal Description: PORT DIXIE COM NE COR BLK 122 W ALG S R/W LNE OF 12TH AVE 269.59 FT THC S25 DEG W177.21 FT TO POB CONT SAME LINE 175 .95 FT TO N R/W LINE 11TH AVE THC W ALG R/W 240.67 FT TO INTER OF N R/W & E R/W LINE HWY 85 THC NELY 183 FT ALG C THC E139.87 FT THC S25 DEG W11 FT E 110.09 FT TO POB AS OR
- APN: 05-2S-23-2080-0121-0100
Listed by Bastion Realty LLC
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Schools
Schools serving 1281 Eglin Pkwy
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Shalimar Elementary School 1350 Joe Martin Circle, Shalimar, FL 32579 | PK-5 | 0.3 mi |
Clifford Meigs Middle School 150 Richbourg Avenue, Shalimar, FL 32579 | 6-8 | 0.3 mi |
Choctawhatchee Senior High School 110 Racetrack Road Northwest, Fort Walton Beach, FL 32547 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1281 Eglin Pkwy
Date
Details
Price
Change
Source
5/15/2025
Listed
$2,200,000
131.58%
MLS
10/18/2024
Sold
$950,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1281 Eglin Pkwy
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,186
3%
$667,324
3%
2024
$7,942
1%
$646,702
1%
2023
$7,894
4%
$637,648
4%
2022
$7,620
6%
$610,346
9%
2021
$7,216
—
$561,469
—
2021
$7,216
-2%
$562,014
—
2019
$7,350
-3%
$560,265
-2%
2018
$7,581
3%
$571,114
3%
2017
$7,358
2%
$551,833
1%
2016
$7,208
5%
$543,848
7%
2015
$6,849
2%
$509,343
2%
2014
$6,747
-1%
$501,255
-1%
2013
$6,791
—
$504,839
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1281 Eglin Pkwy
1281 Eglin Parkway, Shalimar, FL 32579 (MLS# 976366) is a Commercial property. 1281 Eglin Parkway is currently listed for $2,200,000 and was received on May 15, 2025. Want to learn more about 1281 Eglin Parkway? Do you have questions about finding other Commercial real estate for sale in Shalimar? You can browse all Shalimar real estate or contact a Coldwell Banker agent to request more information.

