1321 Lewis Turner Blvd Fort Walton Beach, FL 32547-1137
This exceptional 0.87-acre commercial land parcel is ideally situated at 1321 Lewis Turner Boulevard in Fort Walton Beach, Florida, zip code 32547. Located in Okaloosa County, this property presents a unique opportunity for development. The asking price is $700,000. Its prime location boasts excellent visibility and accessibility, with a daily traffic count exceeding 35,000 vehicles. The site offers convenient median access from the southbound lane of Lewis Turner Boulevard, making it highly attractive for businesses seeking strong exposure. This makes it particularly well-suited for a build-to-suit project, especially for a national quick-service restaurant (QSR) brand. The property's size, combined with its high traffic volume and prominent location, ensures significant potential for return on investment. While the listed square footage is 37,897, this refers to potential buildable area and not the current land improvements. This is a blank canvas for a developer seeking a high-impact location in a thriving area of Florida. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.