Current Use by Public Records
- Lifestyle centers
Property Details for 15948 Us-331 Bus
- Year built
- 1940
- Lot size
- 1.43 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Freeport
- County
- Walton
- State
- Florida
- Longitude
- -86.1363
- Latitude
- 30.5005
