161 Brooks St SE
Fort Walton Beach, FL 32548
Steamboat Landing · Terrain À vendre · 0,36 ha

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.