Multi-Family/Commercial Land
For Sale
$1,500,000
1187 US Highway 331 S, Defuniak Springs, FL 32435
16 +/- acres of multi-family/commercial land in Defuniak Springs.
Property SizeContact for details
Lot Size16.00 Acres
Days on Market164
Property Features for 1187 US Highway 331 S
General Information
Standard status
Active
Lot size
16.00 Acres
Property subtype
Land
Building Details
Year Built
1970
Listing Agency:
TLG Real Estate Services
Listed By:
Brad Parker · License #3255698
(850) 566-2629
Source:
Tlgproperty
Added: Mar 26
Changed: Aug 26
Last Checked: Sep 4 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TLG Real Estate Services
Investment Insights
Based on property information with market context.
This property presents a development opportunity with 16 +/- acres of multi-family/commercial land. It is situated in Defuniak Springs, an up-and-coming area of Walton County, Florida, with significant growth potential. The location offers proximity to Panama City, Destin, Ft. Walton, Gulf Shores, Mobile, and other cities in the region. The surrounding area includes retailers such as Subway, Taco Bell, Arby's, Dunkin Donuts, Walgreens, Murphy's USA, AT&T, Lowe's, and Walmart, suggesting suitability for multi-family development. The Veterans Lodge development is currently underway in Defuniak Springs, which is expected to bring more residents to the area. The property is located approximately 1/2-mile North of I-10 in Defuniak Springs.
Key Highlights
- 16 +/- acres of Multi‑family/Commercial land.
- Significant growth potential in up‑and‑coming Defuniak Springs, Walton County, FL.
- Proximity to Panama City, Destin, Ft. Walton, Gulf Shores, Mobile, and other cities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 32435, FL
6,935
Population
2,885
Households
2.4
Avg Household Size
44
Median Age
27%
College-Educated
91%
High-School Grad
136.7 sq mi
ZIP Area
51
Density / Sq Mi
$63,017
Median Household Income
$39,030
Median Earnings
$742
Median Rent
$185,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - 16 +/- acres of multi-family/commercial land in Defuniak Springs.
Where is this commercial land located?
The property is located at 1187 US Highway 331 S Defuniak Springs, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 16 +/- acres of Multi‑family/Commercial land.; Significant growth potential in up‑and‑coming Defuniak Springs, Walton County, FL.; Proximity to Panama City, Destin, Ft. Walton, Gulf Shores, Mobile, and other cities.
