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    20502 Us-331 Freeport, FL 32439

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    For Sale
    $2,995,000

    Over 3 acres with highway frontage in Freeport, Florida.

    Lot size:
    3.41 Acres

    Property Features for 20502 Us-331

    General Information

    Lot size
    3.41 Acres

    Source: Somers & Company

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

    Overview

    Prime Land on Highway 331

    This property features over 3 acres of land with industrial zoning along the newly expanded Highway 331. It is located less than a half mile north of the new bridge crossing the Choctawhatchee Bay in South Walton County, within the emerging market of Freeport, Florida. The parcel includes approximately 310 feet of highway frontage, potentially catering to a variety of uses and site-planning scenarios. Intended use of the property is not specified. Future land use and zoning should be verified with Walton County Planning & Zoning.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Spa & Massage Building Supply Hair Salon Kitchen & Bath Storage Facility HVAC Service Garden Center Electrical Service Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.1733
    Latitude
    30.4847

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    FAQs

    What type of property is this?
    Commercial land - Over 3 acres with highway frontage in Freeport, Florida.
    Where is this commercial land located?
    The property is located at 20502 Us-331 Freeport, FL.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: - Industrial zoning offers development opportunities.; - Prime location on Highway 331 in Freeport, Florida.; - Approximately 310' of highway frontage provides excellent visibility and access.
    (850) 225-6478
    Request Owner's contact information
    20502 Us-331 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
    20502 Us-331 Freeport, FL 32439
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