Commercial Land with Highway
For Sale
$3,200,000
S 331 Highway, Freeport, FL 32439
Commercial for Sale, Freeport, FL
Property SizeContact for details
Lot Size2.22 Acres
Days on Market448
Property Features for S 331 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From the intersection of SR20 & 331S, take 331S toward the Clyde Wells Bridge (commonly called the 331 bridge). This property is on the West side of 331 just before you enter the bridge and next to Walton County Grady Brown Public Park.
Subdivision
20 - Freeport
Standard status
Active
APN
04-2S-19-24000-023-0000
Lot size
2.22 Acres
Taxes and HOA fees
Tax Description
Long Legal.
Legal Description
Long Legal.
Listing Agency:
Gilbert Realty
Listed By:
Maurice D Gilbert · License #619746
(850) 830-7159
Added: Jun 21, 2025
Changed: Sep 11
Last Checked: Sep 11 at 5:06PM
MLS# 979313
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 commercial land parcel offers 650 feet of frontage along 331S in Freeport, with a signalized intersection, a deceleration lane, and three paved access points. The site is described as high and dry, and its configuration supports commercial concepts such as retail, restaurant, motel, and convenience uses. A daily FDOT traffic count of 34,000 vehicles adds measurable exposure along the highway corridor.
The property is adjacent to Grady Brown Park, which provides public access to Choctawhatchee Bay for swimming, fishing, and boat launching. Bay views are possible from the site. The surrounding commercial corridor includes announced developments from Walmart, Aldi, WaWa, Chick-fil-A, and Holiday Inn. Survey and Traffic Impact Analysis materials are available.
The property is adjacent to Grady Brown Park, which provides public access to Choctawhatchee Bay for swimming, fishing, and boat launching. Bay views are possible from the site. The surrounding commercial corridor includes announced developments from Walmart, Aldi, WaWa, Chick-fil-A, and Holiday Inn. Survey and Traffic Impact Analysis materials are available.
Key Highlights
- 650 feet of frontage along 331S
- Daily FDOT traffic count of 34,000 vehicles
- Signalized intersection with a deceleration lane
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 32439, FL
12,943
Population
6,772
Households
1.9
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
96.5 sq mi
ZIP Area
134
Density / Sq Mi
$77,500
Median Household Income
$40,358
Median Earnings
$1,657
Median Rent
$343,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Signalized access, a deceleration lane, and paved entrances support circulation at this high-visibility commercial site.
Where is this commercial land located?
The property is located at S 331 Highway Freeport, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 650 feet of frontage along 331S; Daily FDOT traffic count of 34,000 vehicles; Signalized intersection with a deceleration lane
