$174,900

ZONED R-2 MULTIFAMILY - EXCELLENT DEVELOPMENT OPPORTUNITY! Centrally located in Fort Walton Beach, this 0.37-acre property offers excellent potential for residential or multifamily development. R-2 zoning allows for up to 20 units per acre. Per the Land Development Code, R-2 zoning permits a variety of residential uses, including single-family homes, mobile homes, duplexes, triplexes, townhomes, apartments, and other multifamily developments. BUYER TO VERIFY. Permitted accessory uses may include recreational facilities, garages, carports, storage buildings, parking areas, and community amenities. The existing home is in disrepair due to 1955 age and previous minor flooding. Power, water and gas utilities are on. The two window HVAC units do not convey. There is no HVAC ducting. Property is being sold for land value. This is an excellent opportunity for builders and investors looking to develop in a convenient Fort Walton Beach location. Buyer to verify allowable density, zoning requirements, and development potential with the City of Fort Walton Beach.