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206 Santa Rosa Boulevard - Hotel/ Condo site, Fort Walton Beach, FL

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206 Santa Rosa Boulevard - Hotel/ Condo site

Fort Walton Beach, FL 32548 - Santa Rosa Island MF Submarket

Property Type:Land Parcel Size:1.24 Acres
Zoning:Commercial Multi Family
For Sale Price:$1,500,000 Price/Acre:$1,209,677 Price/SF:$27.77

Proposed Use:MultiFamily, Hold for Development

On-Site Improv:Finish grade

Sale Notes:
Excellent Development Opportunity available on this 1.24 acre Hotel/ Condo site with beach access and development order on Okaloosa Island in Fort Walton Beach Fl. This site is comprised of 3 contiguous parcels zoned B2 which allows for a 40,000sf(+/-) development and is in flood zone A (1% chance of flooding). Okaloosa Island is currently experiencing growth in tourism resulting in development of family entertainment, new restaurants, condos and hotels. This represents a vote of confidence for the regions tourism industry that is expected to continue. ADT traffic counts at the site are 15,300 and 54,500 at the intersection of Hwy 98 and Santa Rosa Blvd, 27 water taps are included with the purchase.

From the intersection of Santa Rosa Blvd and Hwy 98 in Fort Walton Beach, go West on Santa Rosa Blvd. The property will be on the right just past Amberjack Dr.

Taylor Allen Properties
Chad Knaepple, CCIM
(850) 687-4075

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