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

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For Sale

$2,300,000

Estimated Payment

$      /mo. †

APR for 30 years

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Explore this Property

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.
MLS# 956058

Courtesy Of NBI Properties, Inc.

(850) 243-0007

Property Features

  • Amenities
    Dock
  • Architecture Style
    Other

Map and Directions

Directions to 142 & 144 Us-98, Fort Walton Beach, FL 32548

Home seller CENTURY 21 Wimco Realty, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Wimco Realty, Inc.

(850) 664-2100
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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