16564 Us-331 Freeport, FL 32439

Property Details for 16564 Us-331

Lot size

5.00 lot acres

Property type

Land

Description

This exceptional 5-acre commercial land parcel presents a unique investment opportunity in Freeport, Florida's fastest-growing city. Located at 16564 US-331, this prime site boasts over 600 feet of frontage on US Highway 331, sharing a signalized intersection with a Publix-anchored shopping center. Benefitting from over 30,000 average daily vehicles and experiencing rapid growth, this property is ideally positioned to capture significant retail traffic. The land is zoned for Commercial (Retail/Restaurant) use and includes 277 parking spaces. This offering represents the commercial component of a master-planned, mixed-use development, adjacent to a 226-unit Class A apartment community currently under construction. Situated just south of State Road 20, the property is surrounded by established commercial and retail destinations, as well as new residential communities. Its strategic location makes it the first retail stop for tourists heading to the renowned Beaches of South Walton. This sale includes a leaseback provision, expiring October 10, 2024. The property's high visibility, substantial traffic counts, and location within a thriving mixed-use development make it an exceptional investment prospect in one of Florida's most dynamic markets. The Walton County location, with its 5.6% annual growth rate and influx of new residents, ensures a strong and expanding customer base. This is arguably the best retail development site in the rapidly growing Freeport/North Walton County area. The property is ready for immediate development, offering a rare chance to capitalize on the area's explosive growth.

Location Insight

City

Freeport

County

Walton

State

Florida

Longitude

-86.124

Latitude

30.4852