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    Highway 331 South Freeport, FL

    Source: https://www.saltercompany.com
    For Sale
    $950,000

    High-traffic commercial lot, prime Freeport location.

    Property size:
    52,272 SF

    Description

    Added:
    Feb 14, 2025
    Days on Market:
    302
    This exceptional 1.2-acre commercial land parcel presents a remarkable investment opportunity in Freeport, Florida. Boasting 150 feet of frontage along the heavily trafficked Highway 331 South, this property enjoys excellent visibility and accessibility. Situated approximately three-quarters of a mile south of the Highway 331 and Highway 20 intersection, it benefits from a high daily traffic count of 29,000 vehicles (per 2022 FDOT data). The land is currently wooded and appears to be high and dry. Its strategic location places it directly across the street from the newly constructed Eglin Federal Credit Union within the Riverwalk Subdivision, ensuring strong visibility and proximity to established businesses. The surrounding area offers a robust retail synergy, including prominent national chains such as Publix, McDonald's, Dairy Queen, Waffle House, Florida First Bank, Hungry Howie's, and Ace Hardware, among others. This property is ideal for a variety of commercial developments, capitalizing on its prime location and high traffic volume. The asking price is $950,000. Serious inquiries only.

    Property Features for Highway 331 South

    General Information

    Property type
    Other land
    Square Feet
    52,272 SF
    Price / Square Foot
    $18
    Elevators
    N/A
    Lot Size
    52,272 SF

    HighLights

    • Prime 1.2‑acre commercial lot on busy Highway 331 in Freeport, FL.
    • High daily traffic count of 29,000 vehicles (2022 FDOT data).
    • Excellent location near major retailers including Publix, McDonald's, and more.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Freeport
    State
    Florida

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    FAQs

    What type of property is this?
    Land - High-traffic commercial lot, prime Freeport location.
    Where is this land located?
    The property is located at Highway 331 South Freeport, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Prime 1.2-acre commercial lot on busy Highway 331 in Freeport, FL.; High daily traffic count of 29,000 vehicles (2022 FDOT data).; Excellent location near major retailers including Publix, McDonald's, and more.
    (850) 687-4075
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    Highway 331 South Freeport, FL
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    Highway 331 South Freeport, FL
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