REDUCED! Development Opportunity available on this 1.24 acre Hotel/ Condo site with beach access on Okaloosa Island in Fort Walton Beach Fl as well as an active development order. This site is comprised of 3 contagious parcels zoned B2 which allows for a 40,000(+/-) development and is in flood zone A (1% chance of flooding). Okaloosa Island is currently experiencing growth in tourism resulting in development of family entertainment, new restaurants, condos and hotels. This represents a vote of confidence for the regions tourism industry that is expected to continue. Sellers have an active development order and plans for a 48 unit condominium. ADT traffic counts at the site are 15,300 and 54,500 at the intersection of Hwy 98 and Santa Rosa Blvd, 27 water taps are included with the purchase