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195 Brooks St Fort Walton Beach, FL 32548

OFF-MARKET Industrial properties Google Maps
4,062 SF 1.87 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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

Verified
Property type Industrial properties
Total area 4,062 SF
Lot 1.87 ac (81,457 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Bed & Breakfast

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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