Freeport Buisness Park
Industrial
for Sale
| Catylist Listing ID: |
30859858 |
| Property Subtypes: |
Industrial-Business Park
|
| Building Status: |
Proposed |
| Building Size (RSF): |
50,000 SF
|
| Gross Land Area: |
5.03 Acres
|
| Sale Price: |
$1,250,000 |
| Unit Price: |
$25 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/29/2024 |
Overview / Comments
|
Available for purchase- 50,000sf Office/ Warehouse development opportunity located in Freeport FL. This future business park lies 2.75 miles east of Hwy 331 on Hwy 20 and has convenient access to The Beaches of South Walton, Interstate 10 and the surrounding communities. This sale includes 5.3 acres of cleared land as well as the development order and architectural plans. Walton County is the fastest growing markets in the state, with warehouse space in high demand and leasing rates at an all time high. The Seller has expressed interest in leasing 20% of the development at market rates.
|
Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Walton |
| Tax ID/APN: |
191S18140000020010 |
| Zoning: |
INDUSTRIAL |
| Property Condition: |
Excellent |
| Legal Description: |
COM SE/COR SEC 19-1S-18W,N 01 DEG 27'42"E 2560.35 FT TO S/LY ROW ST HWY 20,N 85 DEG 22'58"W ALG S/LY ROW 1,044.82 FT FOR POB,S 01 DEG 53'39"W 525.22 FT S 88 DEG 06'21"E 425.00 FT,N 01 DEG 53'39"E 505.00 FT TO S/LY ROW HWY 20.N 85 DEG 22' 56"W ALG ROW 425.48 FT TO POB. |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
2,077 |
4,624 |
| Median Age: |
37.13 |
39.77 |
| Households: |
826 |
1,906 |
|
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