Property summary
This exceptional 4,062 square foot flex space presents an unparalleled development opportunity. Situated on a prime 1.87-acre waterfront lot in historic downtown Fort Walton Beach, Florida, this property boasts 228 feet of deep-water frontage directly on the Intracoastal Waterway. Its strategic location just before the bridge to Okaloosa Island provides immediate access to numerous restaurants and convenient water access to Destin's renowned East Pass. The property's significant waterfront and prime location make it ideal for a variety of development projects, including a hotel, dry boat storage facility, or RV park. The address is 195 SE Brooks, Fort Walton Beach, FL 32548, within Okaloosa County. The asking price for this unique property is $4,250,000. This is a rare chance to acquire a landmark development site with exceptional waterfront access and visibility. The property's versatility and location offer significant potential for substantial returns. Don't miss this opportunity to own a piece of Fort Walton Beach's vibrant waterfront.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel Bed & Breakfast
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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