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    843 Eglin Pkwy Fort Walton Beach, FL 32547

    Sponsored
    For Sale
    $1,299,000

    1.18-acre mixed-use land, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.18-acre commercial land parcel presents a unique investment opportunity in Fort Walton Beach, Florida. Located at 843 Eglin Pkwy N, this mixed-use (MU) zoned property boasts 78 feet of frontage on Eglin Parkway, a high-traffic area with an average annual daily traffic count of 46,500 vehicles. Its strategic location adjacent to the TownePlace Suites by Marriott ensures high visibility and accessibility. The property's proximity to Eglin Air Force Base (EAFB), a major employment center with over 13,000 active-duty personnel and civilians, offers significant potential for commercial development. The area also benefits from the presence of numerous amenities, including Publix, Choctawhatchee High School, hospitals, and the downtown area of Fort Walton Beach. The property's APN is 06-2S-23-0000-0038-0000. This is a rare opportunity to acquire a well-situated commercial lot in a thriving community, ideal for a variety of commercial ventures. The asking price is $1,299,000. This property is situated in Okaloosa County, Florida, zip code 32547.

    Property Features for 843 Eglin Pkwy

    General Information

    Property type
    Land
    Lot Size
    51,401 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    TownePlace Suites Fort ... Hotel 843 Eglin Parkway ... Parking Lot

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.593291575964
    Latitude
    30.440964369472

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    FAQs

    What type of property is this?
    Land - 1.18-acre mixed-use land, prime location.
    Where is this land located?
    The property is located at 843 Eglin Pkwy Fort Walton Beach, FL.
    What is the asking price?
    The asking price for this property is $1,299,000.
    (850) 977-6991
    Request Owner's contact information
    843 Eglin Pkwy Fort Walton Beach, FL 32547
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    843 Eglin Pkwy Fort Walton Beach, FL 32547
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