Listed By: Paul Salter Show Phone

Added: Feb 21, 2025 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This 1.87-acre parcel is a development opportunity in historic downtown Fort Walton Beach, Florida. It features 228 feet of deep-water frontage directly on the Intracoastal Waterway, providing water access to Destin's East Pass. The property is located near restaurants and just before the bridge to Okaloosa Island. The site, with a size of 81,457 square feet, is suitable for projects such as a hotel, dry boat storage facility, or an RV park. Located at 195 Brooks St SE, Fort Walton Beach, FL 32548, in Okaloosa County, this property offers flexible acquisition options, with the seller open to considering owner financing and a long-term ground lease for qualified buyers. This site presents an opportunity to capitalize on the area's tourism and recreational market.

Property Analytics

Current Use

Playground Inn Hotel & Motel

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Dental Office Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

374

Businesses Nearby

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Demographics for 32548, FL

22,399

Population

14,040

Households

1.6

Avg Household Size

42

Median Age

31%

College-Educated

91%

High-School Grad

12.1 sq mi

ZIP Area

1,851

Density / Sq Mi

$63,857

Median Household Income

$37,725

Median Earnings

$1,281

Median Rent

$291,000

Median Home Value

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Frequently Asked Questions

What type of property is this?

Land - 1.87 Acres Land For Sale - 195 Brooks St SE

Where is this land located?

The property is located at 195 Brooks St SE Fort Walton Beach, FL.

What is the asking price?

The asking price for this property is $4,250,000.