142-144 Miracle Strip Pky SE

This rare asset in Downtown Ft. Walton Beach offers an exceptional opportunity for investment or development in one of the Panhandle’s fastest-growing urban infill markets. This 4,150 square foot property is zoned MX-2 and lies within the Downtown Overlay District. This zoning allows for up to 120' in building height and up to 45 residential units per acre, providing a broad scope for future development possibilities. Comprising two parcels, it can be combined for a single business or development project. Both parcels feature entrances and exits on both Brooks Street and Miracle Strip Parkway, offering convenient access from multiple roads. It is surrounded on three sides by parks: The Indian Temple Mound, Vandegriff Park, and The Landing. Scenic views from the backyard overlook The Landing and the Sound. The property has been significantly upgraded with modern renovations and facility enhancements, boosting both its functionality and aesthetic appeal. This property is positioned to benefit from the ongoing redevelopment and growth in Downtown Ft. Walton Beach, making it a prime candidate for various opportunities.
Downtown Ft. Walton Beach is experiencing rapid urban growth with significant investments in infrastructure and public amenities. While Brooks Bridge is going through an expansion to even allow for pedestrian crossings, the City is undergoing a 3-phase multimillion dollar expansion of The Landing, the prized waterfront park that will have a new docking system, public facilities, playground and soon-to-be completed amphitheater. This prime location includes picturesque views and proximity to these new developments.