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161 Brooks St SE
Fort Walton Beach, FL 32548
Steamboat Landing · Land For Sale
·
0.90 AC
Investment Highlights
- +/- 210' of waterfront on Intracoastal Waterway
- Land Redevelopment Opportunity
- Downtown Design Overlay District Designation
- MX-2 Mixed-Use High Zoning
- City-Funded Demolition Through CRA
- Flexible Development Opportunities for Commercial or Mixed-Use Projects
Executive Summary
This property presents a compelling redevelopment opportunity for investors seeking a versatile land asset in Fort Walton Beach. Featuring approximately 210 feet of waterfront on the Intracoastal Waterway, the site offers exceptional potential for projects that capitalize on water access. Zoned MX-2 Mixed-Use High, the site supports a wide range of development possibilities, making it well-suited for mixed-use, commercial, or high-intensity projects. The existing structure is being demolished, placing the primary value in the land and its future development potential. Notably, the City will bear the full cost of demolition through the Community Redevelopment Agency’s nuisance-abatement program, which allocates CRA funds to remove dilapidated or condemned structures within the CRA District. Following demolition, the property will continue to be recognized within the Downtown Design Overlay District, including the 100% impervious surface ratio allowance, maximizing development flexibility and site utilization. Combined with its waterfrontage, the property presents a rare opportunity for transformative development in the downtown Fort Walton Beach area.
Property Facts Under Contract
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 0.90 AC |
| Property Type | Land | Parcel Number | 24-2S-24-2382-0000-0000 |
| Property Subtype | Commercial | ||
| Zoning | MX-2 Mixed-Use High | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.90 AC |
| Zoning | MX-2 Mixed-Use High |
| Parcel Number | 24-2S-24-2382-0000-0000 |
1 Lot Available
Lot
| Price | $2,660,268 CAD | Lot Size | 0.90 AC |
| Price Per AC | $2,955,853.44 CAD |
| Price | $2,660,268 CAD |
| Price Per AC | $2,955,853.44 CAD |
| Lot Size | 0.90 AC |
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