Prime Real Estate on Racetrack
For Sale
$1,300,000
120 NE Racetrack Road, Fort Walton Beach, FL 32547
Nearly 1 acre with road frontage and development possibilities.
Days on Market423
Property Features for 120 NE Racetrack Road
General Information
Standard status
Active
Listing Agency:
ERA AMERICAN REAL ESTATE
Listed By:
NIKKI SEGRAVES WOOD
Source:
Corcoran
Added: Jun 4, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA AMERICAN REAL ESTATE
Investment Insights
Based on property information with market context.
This property presents an investment opportunity with nearly 1 acre of real estate located on Racetrack Road. It features over 200 feet of road frontage and additional access from Barrow Street. The property consists of three parcels zoned C-3, offering development possibilities, including multi-family units. The owner's intended use was to build four townhomes on the rear two parcels and utilize the front portion for a business requiring a gated fleet area. The seller is willing to split the parcels; the front parcel on Racetrack Road can be purchased separately.
Key Highlights
- Nearly 1 acre of prime real estate on Racetrack Road.
- C‑3 zoning offering endless development possibilities, including multi‑family units.
- Enjoy over 200 feet of road frontage on Racetrack Road.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
Demographics for 32547, FL
35,466
Population
16,112
Households
2.2
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
29.0 sq mi
ZIP Area
1,223
Density / Sq Mi
$67,822
Median Household Income
$36,465
Median Earnings
$1,421
Median Rent
$299,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Nearly 1 acre with road frontage and development possibilities.
Where is this commercial land located?
The property is located at 120 NE Racetrack Road Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Nearly 1 acre of prime real estate on Racetrack Road.; C‑3 zoning offering endless development possibilities, including multi‑family units.; Enjoy over 200 feet of road frontage on Racetrack Road.
