Commercial Land Near
For Sale
$950,000
S Us Highway 331, Freeport, FL 32439
Commercial for Sale, Freeport, FL
Property SizeContact for details
Lot Size1.20 Acres
Days on Market103
Property Features for S Us Highway 331
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Turn South from HWY 20 to HWY 331 S, property is located on East side of HWY 331 approx.. 1.2 miles south of HWY 20
Subdivision
20 - Freeport
Standard status
Active
APN
23-1S-19-23000-001-0110
Lot size
1.20 Acres
Taxes and HOA fees
Tax Description
Com At The Nw/C Of Sec 23-1S- 19W Thence Run E 657.20Ft Run S 215.60Ft Thence Run S 18 Deg 01'00
Legal Description
Com At The Nw/C Of Sec 23-1S- 19W Thence Run E 657.20Ft Run S 215.60Ft Thence Run S 18 Deg 01'00
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(850) 897-4563
Listed By:
Terry A Kemp · License #3589291
(850) 376-6102
Added: Jun 1
Changed: Sep 11
Last Checked: Sep 11 at 3:06PM
MLS# 1004358
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.2-acre vacant commercial parcel offers an undeveloped site with water and electric already available on the property. The land is identified as high and dry and falls within FEMA Flood Zone X. The seller is pursuing annexation into the City of Freeport and a zoning change from Rural Residential to Commercial.
The property is positioned on S US Highway 331 in Freeport, 1.2 miles south of the Highway 20 and Highway 331 intersection. Riverwalk Subdivision and Eglin Federal Credit Union are across the street, Publix is approximately one-half mile away, and an approved Walmart project is less than 1,000 feet from the site. Traffic trends are reported at upwards of 30,000 vehicles per day on average.
The property is positioned on S US Highway 331 in Freeport, 1.2 miles south of the Highway 20 and Highway 331 intersection. Riverwalk Subdivision and Eglin Federal Credit Union are across the street, Publix is approximately one-half mile away, and an approved Walmart project is less than 1,000 feet from the site. Traffic trends are reported at upwards of 30,000 vehicles per day on average.
Key Highlights
- 1.2 acres +/- of vacant land
- Water and electric already on site
- FEMA Flood Zone X; described as high and dry
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Commercial land - Vacant commercial acreage with on-site water and electric in FEMA Flood Zone X.
Where is this commercial land located?
The property is located at S Us Highway 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 acres +/- of vacant land; Water and electric already on site; FEMA Flood Zone X; described as high and dry
