44,431 SqFt
44,431 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 44,431 sqft
Price per Sqft $21
MLS Listing ID 990451
Lot Size 1.020 Acres
Acres 1.02
Lot Dimensions 230x386x449
Source Emerald Coast Association of REALTORS®
Property Description
This 1.02-acre property falls within the Urban Development Area Boundary (UDAB), a designation in Okaloosa County that provides regulatory benefits for urban growth. The site comprises two adjacent parcels with an impressive 499 feet of combined road frontage - 327' on Skipper Ave and 172' on Katherine Street.
Developing inside the UDAB allows you to maximize density and height with potential for up to 25 units (subject to final county approval), as well as benefitting from relaxed setback requirements, expedited development approval and potential tax benefits.
An occupied duplex exists on the south end of the property on Skipper. May be razed or utilized for interim income.
Location
State FL
County Okaloosa
Area 12 - Fort Walton Beach
Zoning MU
Direction From Racetrack Rd take Skipper Ave south. Property is on the left
Exterior
Garage No
Building
Faces From Racetrack Rd take Skipper Ave south. Property is on the left
New Construction No
Others
Pets Allowed No
Tax ID 01-2S-24-1120-0010-0010
Miscellaneous Seize a high-density development opportunity ideally situated off Racetrack Rd in Fort Walton Beach. This 1.02-acre property falls within the Urban Development Area Boundary (UDAB), a designation in Okaloosa County that provides regulatory benefits for urban growth. The site comprises two adjacent parcels with an impressive 499 feet of combined road frontage - 327' on Skipper Ave and 172' on Katherine Street. Developing inside the UDAB allows you to maximize density and height with potential for up to 25 units (subject to final county approval), as well as benefitting from relaxed setback requirements, expedited development approval and potential tax benefits. An occupied duplex exists on the south end of the property on Skipper. May be razed or utilized for interim income.
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REALTOR® | Lic# SL3413882