A hybrid technique for terrestrial free space optic (FSO) system has been proposed in this paper. The hybrid technique is a combination of 8  ×  40  Gbps dense wavelength-division multiplexing and a multicarrier transmission (MCT) scheme such as coherent optical orthogonal frequency-division multiplexing (CO-OFDM). The prime design objective is to minimize the issues related to the terrestrial FSO-based system for atmospheric turbulence, bandwidth management, and receiver sensitivity. The cyclic prefix bits have been added with the data symbols of CO-OFDM, which minimizes the effect of nonlinearity due to atmosphere and reduces intersymbol interference. The dual-polarized quadrature phase-shift keying (DP-QPSK) sequence is used to modulate the subcarriers of the MCT system. DP-QPSK is very well known for its optical signal-to-noise ratio tolerance. It has been found that, by the incorporation of a hybrid scheme in the FSO system, a propagation range of 2.2 km in atmospheric turbulence regime for the targeted bit error rate (BER) of 3.8  ×  10^−  3 or log of BER of −2.42 is achieved. A contrast performance comparison has also been carried out for the proposed hybrid system with different advanced modulation schemes such as differential quaternary phase-shift keying and four-level quadrature amplitude modulation. The Gamma-Gamma-type distribution function is considered for estimating the turbulence effect of the free space channel. Mathematical modeling related to the proposed system has also been incorporated for better analysis. This type of hybrid technique for the FSO system with the incorporation of DP-QPSK modulation format will give more technical feasibility to the modern communication system.