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    16913 Us-331 Freeport, FL 32439

    For Sale
    $950,000

    1.2 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.2-acre commercial land parcel in Freeport, Florida, presents a remarkable investment opportunity. Boasting 150 feet of frontage on US Highway 331, this high-and-dry site enjoys exceptional visibility and accessibility. Located approximately three-quarters of a mile south of the Highway 331/Highway 20 intersection, it benefits from a high daily traffic count of 29,000 vehicles (per 2022 FDOT data). The property's strategic position across from the new Eglin Federal Credit Union in the Riverwalk Subdivision ensures strong visibility and proximity to established businesses. Surrounding retail establishments include Publix, McDonald's, Dairy Queen, Waffle House, Florida First Bank, Hungry Howie's, and Ace Hardware, creating a vibrant and synergistic commercial environment. The wooded lot is considered fully developable, offering significant potential for a variety of commercial ventures. Priced at $950,000, this represents a land value of $791,667 per acre. The property's location in Walton County, Florida, at 16913 US-331, Freeport, FL 32439, offers easy access to major transportation routes and a thriving community. This is an ideal opportunity for developers and investors seeking a prime location with high visibility and strong retail synergy.

    Property Features for 16913 Us-331

    General Information

    Property type
    Land
    Lot Size
    52,272 SF

    HighLights

    • 1.2‑acre parcel with 150 feet of highway frontage.
    • High and dry, fully developable site.
    • Strong retail market synergy.
    Property Profile 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 Restaurant Law Firm Dental Office Spa & Massage Building Supply Auto Repair Shop Wholesale Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.125249543697
    Latitude
    30.480389479025

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    FAQs

    What type of property is this?
    Land - 1.2 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 16913 Us-331 Freeport, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 1.2-acre parcel with 150 feet of highway frontage.; High and dry, fully developable site.; Strong retail market synergy.
    (850) 865-9123
    Request Owner's contact information
    16913 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
    16913 Us-331 Freeport, FL 32439
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