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    Unit 1.2 Acre Freeport, FL 32439

    For Sale
    $950,000

    1.2 Acres, Hwy 331 Frontage, High Traffic

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 1.2-acre commercial parcel presents a remarkable investment opportunity in the rapidly growing Freeport, Florida market. Boasting 150 feet of frontage on heavily trafficked Highway 331 South, this property enjoys unparalleled visibility with an impressive 29,000 cars passing daily, according to Florida Department of Transportation data. The land is conveniently located just south of the Highway 331 and Highway 20 intersection, on the east side of the road. Its wooded character suggests a high and dry site, ready for development. The property benefits from excellent retail synergy, situated directly across from the new Eglin Federal Credit Union and Riverwalk Subdivision. Nearby established businesses include Publix, McDonald's, Dairy Queen, Waffle House, First Florida Bank, and Ace Hardware, indicating a thriving commercial environment. Freeport's population is experiencing significant growth, with new residential developments adding to the area's expanding consumer base. This prime location offers exceptional potential for a wide range of commercial ventures, capitalizing on the high traffic counts and strong surrounding retail presence. The property is priced at $950,000.

    Property Features for Unit 1.2 Acre

    General Information

    Property type
    Other commercial real estate
    Lot Size
    52,272 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.1643
    Latitude
    30.4871

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    FAQs

    What type of property is this?
    Commercial real estate - 1.2 Acres, Hwy 331 Frontage, High Traffic
    Where is this commercial real estate located?
    The property is located at Unit 1.2 Acre Freeport, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    (850) 259-2894
    Request Owner's contact information
    Unit 1.2 Acre Freeport, FL 32439
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Unit 1.2 Acre Freeport, FL 32439
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