Active

142 & 144 US-98

Fort Walton Beach FL, 32548

$2,300,000


Active

Commercial

Rare asset in Downtown Ft. Walton Beach offers an exceptional opportunity for investment or development in one of the Panhandle's fastest-growing urban infill markets. This 4,150 square foot
property is zoned MX-2 and lies within the Downtown Overlay District. This zoning allows for up to 120'
in building height and up to 45 residential units per acre, providing a broad scope for future
development possibilities. Comprising two parcels, it can be combined for a single business or
development project. Both parcels feature entrances and exits on both Brooks Street and Miracle Strip
Parkway, offering convenient access from multiple roads. It is surrounded on three sides by parks: The
Indian Temple Mound, Vandegriff Park, and The Landing. Scenic views from the backyard overlook The Landing and the Sound. The property has been significantly upgraded with modern renovations and facility enhancements, boosting both its functionality and aesthetic appeal. This property is positioned to benefit from the ongoing redevelopment and growth in Downtown Ft. Walton Beach, making it a prime candidate for various opportunities.
Downtown Ft. Walton Beach is experiencing rapid urban growth with significant investments in infrastructure and public amenities. While Brooks Bridge is going through an expansion to even allow for pedestrian crossings, the City is undergoing a 3-phase multimillion dollar expansion of The Landing, the prized waterfront park that will have a new docking system, public facilities, playground and soon-to-be completed amphitheater. This prime location includes picturesque views and proximity to these new developments.

956058

MLS ID

August 2, 2024

Listed

October 13, 2024

Updated

Map

142 & 144 US-98
Fort Walton Beach FL, 32548

Other Property Details

Area Name

12 - Fort Walton Beach


Days on Market

73


Garage

No


View

No


County

Okaloosa


Pool

No

Courtesy of NBI Properties Inc, Dustin Parkman,
Listing Contact: 850-218-8408 

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Domenech Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 3:11 AM UTC, 10/13/2024

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