161 Brooks St, Fort Walton Beach, FL 32548

$1,950,000

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List Price
$1,950,000
Days on Market
140
MLS#
997423
Status
PENDING
Type
Land
Subtype
Unimproved Land
Lot Size
39,204
Neighborhood
East Fort Walton Beach

Property Description

This waterfront property offers a strong redevelopment opportunity in Fort Walton Beach, with approximately 210 feet along the Intracoastal Waterway. Zoned MX-2 Mixed-Use High, the site supports a wide range of uses, including mixed-use, commercial, and other high-intensity development. The existing structure is being demolished, leaving the primary value in the land and its future potential. Demolition costs will be covered by the City through the Community Redevelopment Agency's nuisance-abatement program. The property will remain within the Downtown Design Overlay District, including the 100% impervious surface ratio allowance, maximizing development flexibility and site utilization. Its waterfront location and favorable zoning create a rare opportunity for redevelopment.

Additional Information

Acres
0.90
Elementary School
Elliott Point
High School
Choctawhatchee
Legal Description
Parcel ID: 24-2S-24-2382-0000-0000
Lot Features
Covenants, Other
Middle School
Bruner
Neighborhood
East Fort Walton Beach
Subdivision
Steamboat Landing
Waterfront Features
Intercoastal
Zoning
Business, Commercial, Resid Multi-Family

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Bellcore Commercial LLC.

Vendor Member Number : 28166