15948 Us-331 Bus Freeport, FL 32439
This Freeport, FL retail center presents a compelling investment opportunity. The 10,490 square foot property, situated on a 1.43-acre lot, boasts a prime location on US-331 BUS with 230 feet of frontage and high daily traffic counts (12,500 on US-331 BUS and 21,000 on SR 20). Currently 100% occupied by two tenants with month-to-month leases, generating immediate income streams. The building, constructed in 1940 and renovated in 1970, features a versatile layout including a back warehouse area with two roll-up doors (one 8x8 ft and one 8x10 ft), ideal for loading and unloading. The property is zoned C-1 General Commercial, allowing for a variety of uses including retail, restaurants, and service providers. The asking price is $2,250,000 ($214.49/sq ft). Seller financing is available, and leasing options may be considered. This property offers significant potential for growth and expansion within a rapidly developing community. The total building area is 14,051 square feet, with ample parking (13 spaces with room for more). The property is owned in fee simple.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.