142-144 SE Highway 98, Fort Walton Beach, FL 32548

New Listing
$1,750,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $1,750,000 List Date: 5/20/2026 Last Modified: 5/20/2026

Description

Prime commercial opportunity in the heart of downtown Fort Walton Beach at 142-144 Highway 98 SE. Offering approximately 4,275 total square feet, this versatile property features a huge open layout that can function as one expansive space or easily be divided into two separate units. The interior currently includes multiple office areas, two bathrooms, and abundant open space, allowing flexibility for a wide range of uses including retail, office, restaurant, showroom, entertainment, or other income-producing concepts. Positioned directly across from The Landing Park, this high-visibility location benefits from strong traffic, excellent exposure, and proximity to the waterfront, restaurants, events, and downtown activity. Unique potential exists for a rooftop bar or entertainment venue, subject to city approval, creating an incredible opportunity to capitalize on water views and the growing downtown atmosphere. Whether you are an owner-user, investor, or developer, this property offers outstanding flexibility and long-term upside in one of downtown Fort Walton Beach's most recognizable commercial corridors.

More Information MLS# 1003486

Contract Info

GCCMLS Number: 44871690 Listing Board: Emerald Coast List Date: 2026-05-18 List Price: $1,750,000

Location, Tax and Legal

Sub Area: 1202 - East Fort Walton Beach Legal Description: BEG AT NW COR SEC 24 RUN E 2123FT S TO S SIDE

General Property Info

Listed on GCCMLS: Yes Immediate Occupancy: Yes Acreage: 0.14

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Prime commercial opportunity in the heart of downtown Fort Walton Beach at 142-144 Highway 98 SE. Offering approximately 4,275 total square feet, this versatile property features a huge open layout that can function as one expansive space or easily be divided into two separate units. The interior currently includes multiple office areas, two bathrooms, and abundant open space, allowing flexibility for a wide range of uses including retail, office, restaurant, showroom, entertainment, or other income-producing concepts. Positioned directly across from The Landing Park, this high-visibility location benefits from strong traffic, excellent exposure, and proximity to the waterfront, restaurants, events, and downtown activity. Unique potential exists for a rooftop bar or entertainment venue, subject to city approval, creating an incredible opportunity to capitalize on water views and the growing downtown atmosphere. Whether you are an owner-user, investor, or developer, this property offers outstanding flexibility and long-term upside in one of downtown Fort Walton Beach's most recognizable commercial corridors.

Class

Income Producing: 1 Office: 1 Retail: 1

Construction Status

Existing: 1

Office

Property Type: Low Rise # of Units: 2

Retail

# of Units: 2

Income Producing

Property Type: Retail

None

Current Price: $1,750,000

Status Change Info

Status: Active

Location Tax and Legal

Area: 12 - Fort Walton Beach Street #: 142-144 Street Direction: SE Street Name: Highway 98 State: FL Zip Code: 32548 County: Okaloosa Parcel ID: 24-2S-24-0000-0073-0000

Property Features

Class: Income Producing; Office; Retail Construction Status: Existing
Listing Office: Coldwell Banker Realty
Last Updated: May - 20 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.