Discover the potential of this spacious 0.41-acre property located in downtown Fort Walton Beach. Nestled in a bustling, convenient location, this parcel is a rare find in town. The current structure, while in need of significant TLC, offers a blank canvas for a visionary buyer. With the option to refurbish for residential use or tear down and explore redevelopment, the possibilities are endless. Existing carport provides additional utility. Proximity to Downtown Fort Walton Beach, vibrant community amenities, major thoroughfares, and business hubs. Zoning: Residential (Current), Potential for Commercial or Multi-Family (if redeveloped) Welcome to this unique opportunity! This property is currently zoned residential, offering a charming dwelling that can be remodeled to suit your needs while maintaining its residential zoning status. The sellers are under the understanding that as long as the existing structure is remodeled, it can remain zoned residential. However, if the current dwelling is torn down and redeveloped, the property will be re-zoned for commercial or multi-family use, providing exciting possibilities for future growth and investment. Whether you're looking to restore the existing home to its former glory or explore new development options, this property provides flexibility and potential in a desirable location. Don't miss out on the chance to secure a versatile piece of real estate with fantastic future prospects! For more details or to schedule a showing, contact us today!