1187 US HWY 331 S Defuniak Springs, FL 32435

Listing Agency TLG Real Estate Services

Listed by Brad Parker · License #FL 3255698

Source Crexi

Added: Mar 20, 2024 Updated: Jul 10 at 11:24 am Checked: Jul 20 at 3:42 am

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Investment Insights

Based on property information with market context.

This property presents a development opportunity with 16 +/- acres of multi-family/commercial land. It is situated in Defuniak Springs, an up-and-coming area of Walton County, Florida, with significant growth potential. The location offers proximity to Panama City, Destin, Ft. Walton, Gulf Shores, Mobile, and other cities in the region. The surrounding area includes retailers such as Subway, Taco Bell, Arby's, Dunkin Donuts, Walgreens, Murphy's USA, AT&T, Lowe's, and Walmart, suggesting suitability for multi-family development. The Veterans Lodge development is currently underway in Defuniak Springs, which is expected to bring more residents to the area. The property is located approximately 1/2-mile North of I-10 in Defuniak Springs.

Key Highlights

• 16 +/- acres of Multi‑family/Commercial land.
• Significant growth potential in up‑and‑coming Defuniak Springs, Walton County, FL.
• Proximity to Panama City, Destin, Ft. Walton, Gulf Shores, Mobile, and other cities.

Property Analytics

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FAQs

What type of property is this?

Commercial land - 16 +/- acres of multi-family/commercial land in Defuniak Springs.

Where is this commercial land located?

The property is located at 1187 US HWY 331 S Defuniak Springs, FL.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 16 +/- acres of Multi‑family/Commercial land.; Significant growth potential in up‑and‑coming Defuniak Springs, Walton County, FL.; Proximity to Panama City, Destin, Ft. Walton, Gulf Shores, Mobile, and other cities.