98 and 114 Skipper Avenue, Fort Walton Beach, FL 32547
sale
$950,000
|
Other
Courtesy Of RE/MAX Coastal Properties
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. Buyer to verify lot dimensions.
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Property Features
- Legal Description: HARRIS S/D LOTS 1 and 2 BLK 10 01-2S-24-1120-0010-0010 and HARRIS S/D LOT 3 BLK 10 01-2S-24-1120-0010-0030
- MLSID: 990451
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