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Leased Office Building
For Sale
Contact for pricing
Pending

770 Us Highway 331, Defuniak Springs, FL 32435

Existing medical-office operations occupy the building, with additional back-of-house area for office expansion.

Property SizeContact for details
Days on Market143

Property Features for 770 Us Highway 331

General Information

Standard status Pending
Property subtype Office

Building Details

Tenancy Single
Listing Agency: Berkshire Hathaway HomeServices PenFed Realty Santa Rosa Beach
Listed By: Steven Youell · License #FL 3100602
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 3:13PM

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 Berkshire Hathaway HomeServices PenFed Realty Santa Rosa Beach

Investment Insights

Based on property information with market context.

This office building is occupied by an operating medical-office business and includes additional room at the rear that can be developed into more offices. The property is currently leased, with a five-year lease and an option to extend after the initial term.

Located at 770 US Highway 331 in DeFuniak Springs, Florida, the building benefits from a reported daily average traffic count of 22,000 vehicles, according to the DOT. The current business remains in operation, and inquiries should be directed through a Realtor rather than made at the property.

Key Highlights

  • Currently leased to an operating medical‑office business
  • Five‑year lease includes an option to extend after the initial term
  • Rear area provides room to build additional offices

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Grocery & Convenience Store Plumbing Service Electrical Service Dental Office

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

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

258
Businesses Nearby

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

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Existing medical-office operations occupy the building, with additional back-of-house area for office expansion.
Where is this office building located?
The property is located at 770 Us Highway 331 Defuniak Springs, FL.
What are key features of this property?
This property features: Currently leased to an operating medical‑office business; Five‑year lease includes an option to extend after the initial term; Rear area provides room to build additional offices
(850) 729-0176 Call to check price and availability
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