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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

19228 Us-331 Freeport, FL 32439

2,207 SF 1.18 ac lot Built 1980
Property ID
Property summary
AI-generated overview

This exceptional Freeport, Florida property presents a unique investment opportunity. Located at 19228 US-331, this 2,207 square foot storefront sits on a 1.18-acre lot (APN: 34-1S-19-23070-00B-0140) and boasts a compelling blend of residential and commercial possibilities. Currently zoned Resid Single Family and General Commercial, the property is undergoing rezoning efforts to achieve full General Commercial status, unlocking significant potential for various business ventures. The existing structure is a 3-bedroom, 2-bathroom brick home built in 1980, featuring a spacious kitchen, large flex space, updated bathrooms, tile and laminate flooring, and a wood-burning fireplace with an exterior load option. Improvements include a metal roof (20 years old), tankless water heater (5 years old), and HVAC system (6 years old). Utilities include a 300-foot well and septic tank, with city water access also available. Exterior amenities include a covered patio, RV hangar, and greenhouse. The asking price is $1,200,000, translating to $543.72 per square foot. Given Freeport's phenomenal growth and the property's strategic location near the bay, this represents a rare chance to capitalize on a thriving market. A Matterport virtual tour is available for a detailed view of the property.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1980
Total area 2,207 SF
Lot 1.18 ac (51,401 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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