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Cleared Commercial Land
For Sale
$295,000

150 Lancelot Road, Defuniak Springs, FL 32433

Commercial for Sale, DeFuniak Springs, FL

Property SizeContact for details
Lot Size1.00 Acre
Days on Market87

Property Features for 150 Lancelot Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Directions -Less than 2 miles to I-10 Exit 70 (SR-285 / Mossy Head Interchange)
Subdivision 23 - North Walton County
Standard status Active
APN 18-3N-20-28056-001-0120
Lot size 1.00 Acre

Taxes and HOA fees

Tax Description Lot 12 Blk 1 Oakwood Hills Unit 5 Pb 4-21 Or 1312-33 Or 2765-1656 Or 2800-1104 Or 3096-4765 Or 3334-1023
Legal Description Lot 12 Blk 1 Oakwood Hills Unit 5 Pb 4-21 Or 1312-33 Or 2765-1656 Or 2800-1104 Or 3096-4765 Or 3334-1023
Listing Agency: NBI Properties Inc
Listed By: Dennis Fortenberry · License #627640
Added: Jun 17 Changed: Sep 11 Last Checked: Sep 11 at 9:06PM
MLS# 1005691

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1-acre commercial land parcel at 150 Lancelot Road is zoned Commercial and offers a level, cleared site for future development. The property includes a 150-foot setback from the US-90 right-of-way, providing separation from the highway while retaining regional access. The site is positioned for commercial uses described in the listing, including an office/warehouse, contractor yard, service bay, storage facility, or flex-use building.

The property is less than 2 miles from I-10 Exit 70 at the SR-285 / Mossy Head interchange, with access to the interstate for trucks, fleet vehicles, and customer traffic. US-90 parallels I-10 through the Florida Panhandle and serves as a primary regional business route. The parcel is located between Crestview and DeFuniak Springs, with stated drive times of approximately 25 minutes west to Crestview and 10 minutes east to the DeFuniak Springs city center.

Key Highlights

  • 1 Acre of commercially zoned land
  • Less than 2 miles to I‑10 Exit 70 at the SR‑285 / Mossy Head interchange
  • 150‑foot setback from US‑90 ROW

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Auto Repair Shop Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby

Demographics for 32433, FL

18,036
Population
8,059
Households
2.2
Avg Household Size
40
Median Age
13%
College-Educated
83%
High-School Grad
251.3 sq mi
ZIP Area
72
Density / Sq Mi
$51,604
Median Household Income
$35,086
Median Earnings
$1,045
Median Rent
$152,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - Level, cleared site with Commercial zoning and access to the I-10 and US-90 corridor.
Where is this commercial land located?
The property is located at 150 Lancelot Road Defuniak Springs, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1 Acre of commercially zoned land; Less than 2 miles to I‑10 Exit 70 at the SR‑285 / Mossy Head interchange; 150‑foot setback from US‑90 ROW
More about this property
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