This exceptional 0.73-acre commercial land parcel presents a unique development opportunity in Freeport, Florida. Strategically located along the newly expanded Highway 331, this property boasts unparalleled visibility and accessibility. Situated less than one mile south of Highway 20 and approximately half a mile south of a Publix shopping center, it benefits from high traffic volume and proximity to established retail. The lot is officially annexed into the City of Freeport, simplifying the development process. Importantly, a development order is already in place, permitting the construction of a 3,750 square foot building. This significantly reduces pre-development hurdles and accelerates the timeline for project commencement. The property's Commercial zoning allows for a wide range of commercial uses, making it an attractive investment for developers seeking a prime location with existing infrastructure and high growth potential. The parcel's APN is 23-1S-19-23000-001-0070. The asking price for this exceptional opportunity is $595,000. This prime location and the existing development order make this a truly exceptional investment opportunity in a rapidly growing area.
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.