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    331 & Jolly Bay Road Freeport, FL 32439

    For Sale
    $1,995,000

    Prime 2.06-acre development site in Freeport, FL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 2.06-acre commercial land parcel presents a unique investment opportunity in Freeport, Florida. Strategically located at the hard corner of Jolly Bay Road and Highway 331 South, this property boasts unparalleled visibility and accessibility. The site benefits from being situated at the first lighted intersection north of the Highway 331 Bridge, ensuring high traffic exposure. With over 30,000 vehicles passing daily on Highway 331, this location offers significant potential for a variety of commercial ventures. The property is zoned for General Commercial use, providing flexibility for development. Its "high and dry" elevation eliminates concerns related to flooding. The location is also highly advantageous, situated on the main thoroughfare leading to the renowned Beaches of South Walton/30A, attracting a substantial volume of tourists and residents. The asking price for this exceptional development site is $1,995,000. This represents a compelling investment opportunity given the prime location, high traffic counts, and favorable zoning. Don't miss this chance to secure a prominent position in a thriving Florida market.

    Property Features for 331 & Jolly Bay Road

    General Information

    Property type
    Land
    Lot Size
    89,734 SF

    HighLights

    • Hard corner lot at the first lighted intersection north of the Hwy 331 Bridge.
    • General Commercial zoning.
    • Excellent visibility and accessibility.
    • Prime location on the main thoroughfare to South Walton/30A beaches.
    • High and dry site.
    • Over 30,000 vehicles per day (VPD) on Hwy 331.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.1431873
    Latitude
    30.4355441

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    FAQs

    What type of property is this?
    Land - Prime 2.06-acre development site in Freeport, FL.
    Where is this land located?
    The property is located at 331 & Jolly Bay Road Freeport, FL.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: Hard corner lot at the first lighted intersection north of the Hwy 331 Bridge.; General Commercial zoning.; Excellent visibility and accessibility.
    (850) 348-0808
    Request Owner's contact information
    331 & Jolly Bay Road 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
    331 & Jolly Bay Road Freeport, FL 32439
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