Current Use by Public Records
- Land
Property Details for 1187 Us Highway 331
- Lot size
- 16.00 lot acres
- Property type
- Land
- Property subtype
- High-rise multifamily apartments
Description
Exceptional 16-acre development opportunity in Defuniak Springs, Florida, zoned for commercial use. This strategically located parcel, with APN 02-2N-19-18000-035-0000, presents significant growth potential in an up-and-coming area of Walton County. The property's address is 1187 US HWY 331 S, Defuniak Springs, FL 32435, conveniently situated approximately half a mile north of I-10. Surrounded by established national retailers including Subway, Taco Bell, Arby's, Dunkin' Donuts, Walgreens, Murphy's USA, AT&T, Lowe's, Walmart, and Econo Lodge, this site is ideally suited for multi-family development. The area is experiencing significant growth, further enhanced by the ongoing construction of the Veterans Lodge development, which is expected to attract additional residents. This presents a unique chance to capitalize on the expanding market and strong commercial presence. The asking price for this substantial land parcel is $1,500,000.
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
- DeFuniak Springs
- County
- Walton
- State
- Florida
- Longitude
- -86.1225
- Latitude
- 30.7051
