0 Us-331 Freeport, FL 32439
This exceptional 1.09-acre retail opportunity in Freeport, Florida, presents a prime ground lease development site. Boasting approximately 188 feet of frontage on heavily trafficked US Highway 331 (25,000 vehicles per day), this location offers unparalleled visibility and accessibility. The property is situated in a thriving commercial area, surrounded by established national retailers including Publix, McDonald's, Waffle House, Dairy Queen, FedEx, UPS, Subway, Exxon, and Shell, ensuring strong co-tenancy and high consumer traffic. The single-story building offers 4,890 square feet of space across multiple tenancies. This pad-ready site is ideal for a variety of retail, quick-service restaurant (QSR), or mixed-use developments. The property's location on US-331, a major thoroughfare spanning 150 miles from Santa Rosa Beach, Florida, to Montgomery, Alabama, guarantees significant exposure to a large customer base. The parcel is identified by APN 23-1S-19-23000-001-0045 in Walton County and is conveniently located near the intersection of Old Jolly Road and Noble Drive. This is a rare opportunity to establish a business in a high-demand, high-visibility location within a well-established retail corridor.
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.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.