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    16809-16767 Us Highway 331 South Freeport, FL 32439

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    For Sale
    $3,950,000

    3.8 acres ready for development on Highway 331 South.

    Lot size:
    3.90 Acres

    Property Features for 16809-16767 Us Highway 331 South

    General Information

    Lot size
    3.90 Acres

    Source: Palmetto Properties & Realty Agent Sherry Nelson Paris

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway 331 Development Opportunity

    This 3.8-acre property on Highway 331 South is ready for development. An active Department of Transportation permit is in hand, and fees have been paid. Construction plans are ready to schedule commencement with a contractor already in place. Located on the east side of Highway 331, the high and dry site is permitted for the Highway 331 Retail Center, which includes four buildings. Three buildings are designated for retail, restaurant, or office space, and one is a stand-alone restaurant with a drive-through. The total leasable area is over 29,000 square feet, with an additional 1,228 square feet for outdoor seating. The location on Highway 331 South presents a commercial rental opportunity, with demand for retail, office, and restaurant space due to the construction of new residential communities and apartments.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Building Supply Auto Repair Shop Wholesale Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.1243078
    Latitude
    30.4815498

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    FAQs

    What type of property is this?
    Commercial land - 3.8 acres ready for development on Highway 331 South.
    Where is this commercial land located?
    The property is located at 16809-16767 Us Highway 331 South Freeport, FL.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: - Active Development Order in hand and fees paid, saving significant time and expense.; - Located on busy Hwy 331 South, offering **high visibility and traffic flow**.; - Permitted for a 29,000+ SF retail center with diverse building options.
    (850) 598-4290
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    16809-16767 Us Highway 331 South 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

    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
    16809-16767 Us Highway 331 South Freeport, FL 32439
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