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4,832 sqft Building | Fort Walton Beach, FL 1429 Lewis Turner Blvd 4,832 SF Retail Building Fort Walton Beach, FL 32547 $1,280,361 CAD ($264.98 CAD/SF)

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Investment Highlights

4,832 SF Multi-Unit Commercial Building – Two-unit configuration on a 0.35-acre parcel, offering flexibility for owner-users
Strategic Proximity to Airport & Destin – Just 10 minutes from Destin–Fort Walton Beach Airport and a short drive to Destin’s retail and tourism hubs.
Strong Income Potential – Projected Gross Rent of $10,098/month with a stabilized NOI of $121,186/year, ideal for cash-flow-focused investors.

High-Visibility Lewis Turner Blvd Location – Positioned along a major commercial corridor with 31,088 vehicles/day
Strong Retail Synergy – Located beside a Shell gas station and established commercial operators, supporting steady customer traffic.
Attractive OWNER FINANCING – 4% interest rate, 30-year amortization, low down payment structure, and 5-year balloon

Executive Summary

Address: 1429 Lewis Turner Blvd Fort Walton Beach, FL 32547
County: Okaloosa County
Zoning: MU
Parcel ID: 34-1S-24-0000-0019-0030
Building size: 4,832 sqft
Land size (acre): 0.35
Layout: 1 Building | 2 Units
Sewer: Connected
Water: City Water
Electric: Connected
Road Access: Yes
Opportunity zone: False
Investment Highlights
Rent Info:
Potential Gross Rent: $10,098.88/month
Potential NOI: $121,186.56
Asking price: $935,000 with OWNER FINANCING option
Down Payment: $238,000 (due at closing)
Note: $697,000
Payments to Seller: $3,327.58
Interest Rate: 4%
Balloon Payment After 5 Years: $630,419
Amortization period: 30 Years

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Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes.
We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner.
All Information provided is preliminary and subject to change. Acre Expert LLC makes no guarantees regarding accuracy, lease terms, or financials. The buyer must conduct independent due diligence and verify all details.