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16564 Highway 331
Freeport, FL 32439
+/- 5 AC Commercial Development Opportunity · Land For Sale
·
5.00 AC
INVESTMENT HIGHLIGHTS
- 13,750 SF Retail/Professional/Commercial
- 2,300 SF Café Drive Through (1 Story)
- 20,700 SF Retail/Restaurant (1 Story)
- 277 Commercial Parking Provided
EXECUTIVE SUMMARY
+ Over 30,000 average daily traffic, and growing rapidly.
+ The opportunity is the commercial component of a master-planned, mixed-use development which includes a 226-unit, Class A apartment community under development
+ Prime location in Freeport, FL, the fastest growing city in the fastest growing county in Florida - expanding at a 5.6% annual clip, with thousands of new residents arriving each year.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Condition | Sale Leaseback | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 5.00 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | Commercial - Commercial (Retail/Restaurant) | ||
| Sale Type | Investment or Owner User |
| Sale Condition | Sale Leaseback |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 5.00 AC |
| No. Stories | 1 |
| Zoning | Commercial - Commercial (Retail/Restaurant) |
1 LOT AVAILABLE
Lot
| Lot Size | 5.00 AC |
| Lot Size | 5.00 AC |
The opportunity is the commercial component of a master-planned, mixed-use development which includes a 226-unit, Class A apartment community under development.
DESCRIPTION
Located on US Hwy 331 just south of State Road 20, and surrounded by the market’s primary commercial/retail destination uses and new residential communities, The Waters at Freeport is ideally positioned to capture local, commuter, and tourist driven retail traffic. Sharing the signaled intersection that is the primary ingress/egress for Freeport’s only anchored shopping center (anchored by Publix grocery store), further supported by the adjacent apartment community under development, and as the first retail stop for tourists driving to the famous Beaches of South Walton, this is arguably the best retail development site available anywhere in the rapidly growing Freeport/North Walton County market area.
PROPERTY TAXES
| Parcel Number | 23-1S-19-23000-001-0031 | Improvements Assessment | $476,047 |
| Land Assessment | $3,356,221 | Total Assessment | $3,832,268 |
PROPERTY TAXES
