Catylist ID:
#30865794
| Catylist Listing ID: | 30865794 |
| Property Subtypes: | Free-Standing Store, Mixed Use, Neighborhood Center, Net Leased |
| Building Size (RSF): | 10,490 SF |
| Gross Building Area: | 14,051 SF |
| Gross Land Area: | 1.43 Acres |
| Sale Price: | $2,500,000 |
| Unit Price: | $238.32 PSF |
| Ceiling: | 10 ft. |
| Property Use Type: | Net Leased Investment (NNN), Vacant/Owner-User, Business |
| Building Name: | Freeport Furniture Outlet |
| Usable Size (USF): | 10,490 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/9/2024 |
Overview / Comments
|
Situated on Old 331 in Freeport, Florida, one of the state's fastest-growing communities, this commercial building currently housing the thriving Freeport Furniture Outlet, is being offered to the public for sale, presenting an excellent opportunity for you to continue it’s legacy, expand your current business, or start a new business venture. Offering 14,051 SF of gross building area, 10,490 SF of usable building area, and sitting on 1.43 acres, this property offers versatility and ample land area for expansion, making it ideal for various concepts. With zoning and future land use classifications of C-1 Commercial, a variety of permissible uses are listed including amusement and recreation, restaurants and entertainment, trade shops and schools, and department stores and other retail sales stores. Residential/Neighborhood Commercial (RC) zoning uses fall within General Commercial as well. Measuring 230 ft on 331 Business and a daily traffic count of 12,500 cars, this strategic location ensures high visibility and accessibility. The back warehouse portion of the building adds another layer of functionality, featuring two roll-up doors, one 8x8 ft and one 8x10 ft, providing loading and unloading access. The property also provides immediate income streams from two spaces, one on each side of the building with 418 SF and 572 SF, currently leased on a month-to-month basis. Whether you're considering retail, restaurants, service providers, or office spaces, this property aligns perfectly with the dynamic future of Freeport. Don’t miss this unique opportunity to own not just an established business, but a piece of real estate in growing Freeport. |
Attachments & Media
Additional Details
| Nearest MSA: | Crestview-Fort Walton Beach-Destin |
| County: | Walton |
| Taxing Authority: | City of Freeport & Walton County |
| Tax ID/APN: | 151S19230000180000 |
| Zoning: | C-1 GENERAL COMMERCIAL |
| Retail Clientele: | General, Family, Business |
| Property Located Between: | SR 20 to the south, and US-331 to the north. |
| Property Visibility: | Excellent |
| Largest Nearby Street: | SR 20 |
| Feet of Frontage: | 230 |
| Traffic/Vehicle Count: | 12,500 |
| Highway Access: | The property fronts the west side of 331 Business, approximately .2 miles north of SR 20 & 1 mile from SR 20/U.S. 331 intersection. |
| Airports: | Destin-Fort Walton Beach (VPS) Airport (28.5 miles) & Northwest FL Beaches International (ECP) Airport (31.5 miles) |
| Site Description: | The building sits on 1.43 acres, with 230 feet fronting 331 Business. The front of the building has 13 parking spaces, with room for parking along the side of the building or the northern portion of the property boundary. The building's total footprint is 14,051 SF and has significant land area in the back portion of the property for a building expansion, additional building, or outside storage. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 9,500 SF |
| Property Condition: | Good |
| Year Built: | 1940 |
| Year Renovated: | 1970 |
| Roof Type: | Other |
| Construction/Siding: | Block |
| Exterior Description: | Mostly cinder block exterior, with large windows along the front portion of the building. The roof is a wood-truss system with metal sheathing. |
| Parking Ratio: | 1.2 (per 1000 SF) |
| Parking Type: | Surface, Other |
| Parking Description: | Designated parking is along the front of the building, with 13 parking spaces. The side of the building offers space more extra parking. |
| Total Parking Spaces: | 13 |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Interior Description: | The larger portion of the building is an open plan for showroom purposes, with the back portion of the building being warehouse, storage, and shop area. The interior walls are mostly cinder block. Ceiling heights are 10 ft. |
| Zoning Description: | Current zoning is C-1 General Commercial. Future Land Use Map shows Commercial. |
| Lot Frontage: | 230 ft. |
| Lot Depth: | 336 ft. |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | The building and land is owned in fee simple. |
| Legal Description: | COM @ SW/C NE1/4 OF NW1/4; N 877.49'FOR BEG;N 89 DEG 16'57" E 273.14T TO ST RD #83; NELY ALONG ROW 211.59FT W 333.50FT TO W LINE OF NE1/4 OF NW1/4; S 202.51FT TO POB OR 939-295 OR 2608-1624 &-1627 |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 2,077 | 4,624 |
| Median Age: | 37.13 | 39.77 |
| Households: | 826 | 1,906 |
Contact
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