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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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142144 142-144 Se Highway 98 , Fort Walton Beach, FL 32548
$1,500,000
Est. Payment: $8,287.28/mo
0.14 Acres
Status: Active | Days on site: 107
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ECBU - E27232
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Harrison Lilly Team
Owner/Operator

House 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.

Highlights

Listed by Vinnie Chulk , 850-585-5526 Coldwell Banker Realty , 850-863-4563. Emerald Coast Multiple Listing Services

Property Type

Commercial Sale

Lot/Acreage
0.14

County

Okaloosa

Area

12 - Fort Walton Beach

Listing ID

1003486

Questions about this listing?

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Interior Features

Exterior Features

Lot Dimensions:150X48
Principal Interest
$8,287
Taxes
$956

Home Price

$1,500,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$300,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,287.28

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,287.28 $956.25 $0.00 $9,243.53
Yearly $99,447.41 $11,475.00 $0.00 $110,922.41
Total $2,983,422.22 $344,250.00 $0.00 $3,327,672.22

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Fort Walton Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T06:31:40.000Z

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