195 Brooks St, Fort Walton Beach, FL 32548
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.
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Playground Inn Hotel & Motel Bed & Breakfast
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.