1187 Us Highway 331 DeFuniak Springs, FL 32435
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.