Overview
Prime Freeport Development Opportunity
This 0.436-acre property in Freeport, FL, presents an opportunity for retail, quick-service restaurants (QSR), and mixed-use development. The site offers visibility from Hwy 331 and is positioned off US-331, a thoroughfare with a traffic count of 21,000 AADT. US-331 spans 150 miles from Santa Rosa Beach, FL, to Montgomery, AL. The location is near national retailers and businesses, including Publix, McDonald’s, Waffle House, Dairy Queen, FedEx, UPS, Subway, Exxon, and Shell. Walton County, located in the North Florida Panhandle, is approximately 55 miles east of Pensacola and 100 miles west of Tallahassee, placing it near the Emerald Coast beaches, restaurants, and entertainment options. Walton County benefits from over 4 million annual visitors, contributing to an estimated $4.4 billion in sales volume within the trade area. Key employers in the region include the Okaloosa County School District, Walton County School Board, Fort Walton Beach Medical Center, Lockheed Martin, Walton County Government, San Destin Golf and Beach Resort, Reliance Test & Technology, Okaloosa Board of County Commissioners, North Okaloosa Medical Center, and L3 Crestview Aerospace. The property is zoned Residential Commercial and has dimensions of 100ft frontage and back, and 190ft along both sides. SR-20 is set to be improved into a 4 lane road.