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Prime Acreage on Highway 331
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20502 US-331, Freeport, FL 32439

Over 3 acres of industrial land on Highway 331.

Property SizeContact for details
Lot Size3.00 Acres
Days on Market1091

Property Features for 20502 US-331

General Information

Standard status Active
Lot size 3.00 Acres
Property subtype Land
Listing Agency: Somers & Company
Listed By: John Paul Somers · License #FL 3210089
Source: Crexi
Added: Aug 10, 2023 Changed: Jul 6 Last Checked: Aug 3 at 1:45PM

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 Somers & Company

Investment Insights

Based on property information with market context.

This property features industrial zoning and consists of over 3 acres of land with approximately 310 feet of frontage along the newly expanded Highway 331. It is located less than half a mile north of the new bridge crossing the Choctawhatchee Bay in South Walton County, within the emerging market of Freeport, Florida. The parcel is suitable for a variety of uses and site-planning scenarios. Interested parties should verify future land use and zoning with Walton County Planning & Zoning.

Key Highlights

  • Industrial Zoning offers versatile possibilities.
  • Prime acreage on Highway 331, a desirable location.
  • Over 3 acres of land.

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick HVAC Service Real Estate Agency Storage Facility Carpet & Flooring Store Kitchen & Bath Showroom Hair Salon

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

Location Intelligence

Trade Area within ½ mile

40
Businesses Nearby

Demographics for 32439, FL

12,943
Population
6,772
Households
1.9
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
96.5 sq mi
ZIP Area
134
Density / Sq Mi
$77,500
Median Household Income
$40,358
Median Earnings
$1,657
Median Rent
$343,900
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Industrial land - Over 3 acres of industrial land on Highway 331.
Where is this industrial land located?
The property is located at 20502 US-331 Freeport, FL.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Industrial Zoning offers versatile possibilities.; Prime acreage on Highway 331, a desirable location.; Over 3 acres of land.
(850) 654-7777 Call to check price and availability
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