331 & Jolly Bay Road Freeport, FL 32439
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.
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
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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.