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    16660 Us-331 Freeport, FL 32439

    For Sale
    $929,000

    1.11 Acres, Hwy 331 South, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.11-acre commercial land parcel is strategically located on Highway 331 South in Freeport, Florida, boasting a prime location near major retailers such as Publix, McDonald's, Ace Hardware, and more. The rectangular lot measures 204' x 238', offering excellent visibility and accessibility for potential development. This high-traffic area sees approximately 29,000 vehicles daily (FDOT 2022 data), benefiting from the strong retail synergy of the surrounding businesses and the significant residential growth in Freeport. Hundreds of new homes and apartments are planned, further enhancing the area's potential. The property's convenient location provides easy access to the renowned beaches of South Walton County, including Santa Rosa Beach and 30A. The property is zoned for commercial use. A topographic survey and wetland delineation are available upon request, along with potential site plans. This presents a unique opportunity for investors and developers seeking a high-growth market with significant upside potential. The asking price is $929,000. The APN is 22-1S-19-23000-015-0061.

    Property Features for 16660 Us-331

    General Information

    Property type
    Land
    Lot Size
    48,352 SF

    HighLights

    • $929,000 asking price.
    • 1.11‑acre commercial land parcel.
    • Located at 16660 US‑331, Freeport, FL 32439, in Walton County.
    • Commercial zoning.
    • High‑traffic location on Highway 331 South, near Publix and other national retailers, with 29,000 cars per day (FDOT 2022).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.124393284711
    Latitude
    30.483200088076

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    FAQs

    What type of property is this?
    Land - 1.11 Acres, Hwy 331 South, High Traffic
    Where is this land located?
    The property is located at 16660 Us-331 Freeport, FL.
    What is the asking price?
    The asking price for this property is $929,000.
    What are key features of this property?
    This property features: $929,000 asking price.; 1.11-acre commercial land parcel.; Located at 16660 US-331, Freeport, FL 32439, in Walton County.
    (850) 865-9123
    Request Owner's contact information
    16660 Us-331 Freeport, FL 32439
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    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

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    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
    16660 Us-331 Freeport, FL 32439
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