1368 Us-331 DeFuniak Springs, FL 32435
This exceptional 4.3-acre parcel presents a prime development opportunity in DeFuniak Springs, Walton County, Florida. Strategically located within city limits, this property boasts over 340 feet of frontage on US Highway 331, ensuring high visibility and accessibility. Currently zoned residential with a future land use designation of commercial, this land offers significant flexibility for various development projects. Its convenient location, approximately half a mile north of Interstate 10, provides easy access to South Walton County, Destin, Fort Walton Beach, Panama City, and Crestview. The property's potential is further enhanced by the possibility of assembling adjacent parcels, creating an even larger development footprint. The property and any existing structures are sold "as is." The APN is 03-2N-19-18000-007-0000. This is a remarkable opportunity for investors seeking a high-impact location in a thriving Florida market. The asking price is $2,495,000. The property's address is 1368 US-331, DeFuniak Springs, FL 32435.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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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.