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120 NE Racetrack Road, Fort Walton Beach, FL 32547

$1,300,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 39,204 Status: Active
Current Price: $1,300,000 List Date: 6/04/2025 Last Modified: 7/28/2025

Description

Prime Investment Opportunity Now! Act fast to secure nearly 1 acre of prime real estate on Racetrack Road, featuring over 200 feet of road frontage and additional access from Barrow Street. Seller is willing to split the parcels. Front Parcel (Racetrack Road Parcel can be purchased separate for $1,100,000) OR purchase this exceptional package including three C-3 zoned parcels, offering endless development possibilities, including multi-family units. The owner's vision was to build four townhomes on the rear two parcels and utilizing the front portion for a business requiring a gated fleet area. Don't miss out on this rare chance to develop in a highly desirable location. Contact us today!

More Information MLS# 977964

Contract Info

GCCMLS Number: 42722157 Listing Board: Emerald Coast List Date: 2025-06-04 List Price: $1,300,000

Location, Tax and Legal

Sub Area: 1206 - Ocean City Legal Description: COM SE COR BLK 5 TOM BARROW'S S/D S 85 DEG W 188.01FT TO POB N 62 DEG W 117.17FT S 40 DEG W 68.82FT S 4 DEG E 61.66FT TO N R/W RACETRACK RD S 68 DEG E ALG R/W 206.57FT N 17 DEG E 100.9FT N 62 DEG W 88.64FT TO POB

General Property Info

Listed on GCCMLS: Yes Vacant: No Immediate Occupancy: No Zoning: C-3 Acreage: 0.9

Listing Info, Tax & Legal

As Is: No

Remarks & Misc

Remarks: Prime Investment Opportunity Now! Act fast to secure nearly 1 acre of prime real estate on Racetrack Road, featuring over 200 feet of road frontage and additional access from Barrow Street. Seller is willing to split the parcels. Front Parcel (Racetrack Road Parcel can be purchased separate for $1,100,000) OR purchase this exceptional package including three C-3 zoned parcels, offering endless development possibilities, including multi-family units. The owner's vision was to build four townhomes on the rear two parcels and utilizing the front portion for a business requiring a gated fleet area. Don't miss out on this rare chance to develop in a highly desirable location. Contact us today!

Class

Industrial: 1 Land: 1

Construction Status

Existing: 1

Industrial

Property Type: Other (See Notes)

Land

Property Type: Commercial

Doors & SqFt

Door Height: 20

None

Current Price: $1,300,000

Status Change Info

Status: Active

Location Tax and Legal

Area: 12 - Fort Walton Beach Street #: 120 Street Direction: NE Street Name: Racetrack Street Suffix: Road State: FL Zip Code: 32547 County: Okaloosa Parcel ID: 01-2S-24-0000-0025-0000

Property Features

Class: Industrial; Land Construction Status: Existing
Listing Office: ERA American Real Estate
Last Updated: July - 28 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

Grayton Corners | 32 East County Highway 30-A, Suite J | Santa Rosa Beach, FL 32459
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