16809 Us Highway 331 South Freeport, FL 32439
Property Features for 16809 Us Highway 331 South
General Information
- Lot size
- 3.80 Acres
Source: Palmetto Properties & Realty LLC
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Highway 331 Development Opportunity
This 3.8-acre commercial land is located on the east side of Highway 331 South. The property is ready for development with an active D.O. in hand and fees paid. The new project, named Highway 331 Retail Center, is permitted for a total of four buildings. Three buildings are designated for retail, restaurant, or office space, and one is planned as a stand-alone restaurant with a drive-through. The total leasable area is over 29,000 square feet, complemented by an outdoor seating area of 1,228 square feet. The site is high and dry, and construction plans are ready to schedule commencement with a contractor already in place. The location on Highway 331 South is characterized by a scarcity of commercial rental space and a demand for retail, office, and restaurant venues, driven by the construction of new residential communities and apartments.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Freeport
- County
- Walton
- State
- Florida
- Longitude
- -86.1243078
- Latitude
- 30.4815498
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 3.8 acres ready for development with active D.O. in hand.
Where is this commercial land located?
The property is located at 16809 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 (D.O.) in hand and fees paid; - Located on a busy Hwy 331 South, offering high visibility; - Approved for a 29,000+ SF retail center with diverse building options