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1187 US 331 S hwy - Multi-Family Development, 16 +/- Acres 16 Acres of Commercial Land Offered at $1,500,000 in Defuniak Springs, FL 32435
EXECUTIVE SUMMARY
Development Opportunity! 16 +/- acres of Multi-family/Commercial land located in an area that has significant growth potential. Defuniak Springs is an up-and-coming area of Walton County, FL., and is located in proximity to Panama City, Destin, Ft. Walton, Gulf Shores, Mobile, and many more cities in the area.
The property is surrounded by retailers including Subway, Taco Bell, Arby's, Dunkin Donuts, Walgreens, Murphy's USA, AT&T, Lowe's, Walmart, Econo Lodge, and many more national brands making this site ideal for multi-family development.
The groundbreaking Veterans Lodge development site is currently underway in Defuniak Springs and is expected to bring in more residents to the area. For more information on the Veterans Lodge, visit: https://veteranslodge.org/
The property is surrounded by retailers including Subway, Taco Bell, Arby's, Dunkin Donuts, Walgreens, Murphy's USA, AT&T, Lowe's, Walmart, Econo Lodge, and many more national brands making this site ideal for multi-family development.
The groundbreaking Veterans Lodge development site is currently underway in Defuniak Springs and is expected to bring in more residents to the area. For more information on the Veterans Lodge, visit: https://veteranslodge.org/
PROPERTY FACTS
| Price | $1,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 16.00 AC |
| Property Type | Land | ||
| Zoning | Commercial - Commercial | ||
| Price | $1,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 16.00 AC |
| Zoning | Commercial - Commercial |
1 LOT AVAILABLE
Lot
| Price | $1,500,000 | Lot Size | 16.00 AC |
| Price Per AC | $93,750.00 |
| Price | $1,500,000 |
| Price Per AC | $93,750.00 |
| Lot Size | 16.00 AC |
Approximately 1/2-mile North of I-10 in Defuniak, Springs.
1 1
PROPERTY TAXES
| Parcel Number | 02-2N-19-18000-035-0000 | Improvements Assessment | $0 |
| Land Assessment | $212,790 | Total Assessment | $212,790 |
PROPERTY TAXES
Parcel Number
02-2N-19-18000-035-0000
Land Assessment
$212,790
Improvements Assessment
$0
Total Assessment
$212,790
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1187 US 331 S hwy - Multi-Family Development, 16 +/- Acres
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