1429 Lewis Turner Blvd - Freestanding FOR SALE


Fort Walton Beach, FL 32547- Wright
$920,000 USD
850-660-7415
1429 Lewis Turner Blvd, Fort Walton Beach, FL for Sale
$920,000 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

1429 Lewis Turner Blvd
Fort Walton Beach, FL 32547
Wright


HIGHLIGHTS

  • 4,832 SF Multi-Unit Commercial Building – Two-unit configuration on a 0.35-acre parcel, offering flexibility for owner-users
  • High-Visibility Lewis Turner Blvd Location – Positioned along a major commercial corridor with 31,088 vehicles/day
  • 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 Retail Synergy – Located beside a Shell gas station and established commercial operators, supporting steady customer traffic.
  • Strong Income Potential – Projected Gross Rent of $10,098/month with a stabilized NOI of $121,186/year, ideal for cash-flow-focused investors.
  • Attractive OWNER FINANCING – 4% interest rate, 30-year amortization, low down payment structure, and 5-year balloon

OVERVIEW

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: $920,000 with OWNER FINANCING option Down Payment: $223,000 (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 Showing property visits by appointment only. Call\ Text to schedule 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.

FOR SALE DETAILS

PRICE

$920,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4,832 sqft Building | Fort Walton Beach, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

MU

APN/PARCEL ID

34-1S-24-0000-0019-0030

ASK ABOUT THIS PROPERTY

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850-660-7415

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Dror AttiasAcre ExpertMore Info
850-660-7415

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.