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857 Fl-20 Freeport, FL 32439

Sponsored
For Sale
$6,495,000

High-Yield Retail Investment, Freeport, FL

Property size:
16,289 SF

Description

Added:
Dec 11, 2024
Days on Market:
393
This exceptional 16,289 square foot shopping center in Freeport, Florida, presents a compelling investment opportunity. Built in 2023, the single-story plaza boasts a modern design and ample parking, strategically located approximately 1700 feet west of the intersection of Highways 331 and 20. The property features a strong tenant mix, including Pizza Hut and Tool Expo, with one vacant, readily adaptable space. The design optimizes traffic flow, providing convenient access to both the front and rear of each unit, including a separate rear warehouse currently occupied by Tool Expo. Excellent visibility and convenient ingress/egress further enhance the property's appeal. The asking price is $6,495,000, representing a price per square foot of $398.74 and a compelling 5.49% capitalization rate with a Net Operating Income (NOI) of $356,298. The property's APN is 14-1S-19-23000-012-0051. This is a prime retail investment in a rapidly growing market. Contact us for detailed financial information and to schedule a viewing.

Property Features for 857 Fl-20

General Information

Property type
Lifestyle centers
Square Feet
16,289 SF

Building Details

Year Built
2023
Stories
1

HighLights

  • 16,289 SF shopping center in Freeport, FL, built in 2023.
  • Strong tenant mix including Pizza Hut and Tool Expo, with one vacant suite.
  • Located ~1700 feet west of Hwy 331 & Hwy 20 intersection, offering excellent visibility and access.
  • $6,495,000 asking price ($398.74/SF), 5.49% cap rate, $356,298 NOI.
  • APN: 14‑1S‑19‑23000‑012‑0051.
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

Restaurant Realty agency Law Firm Building Supply Dental Office Auto Repair Shop Spa & Massage 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
-86.123573447231
Latitude
30.492229460685

FAQs

What type of property is this?
Lifestyle center - High-Yield Retail Investment, Freeport, FL
Where is this lifestyle center located?
The property is located at 857 Fl-20 Freeport, FL.
What is the asking price?
The asking price for this property is $6,495,000.
What are key features of this property?
This property features: 16,289 SF shopping center in Freeport, FL, built in 2023.; Strong tenant mix including Pizza Hut and Tool Expo, with one vacant suite.; Located ~1700 feet west of Hwy 331 & Hwy 20 intersection, offering excellent visibility and access.
More about this property
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