19228 Us-331 Freeport, FL 32439
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.
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.