Catylist ID:
#30866190
| Catylist Listing ID: | 30866190 |
| Property Subtypes: | Office, Retail, Retail-Pad |
| Building Status: | Proposed |
| Gross Land Area: | 5 Acres |
| Sale Price: | $1,100,000 - 1,400,000 Per Acre |
| Total Price: | $5,500,000 - 7,000,000 |
| Land Splits Available: | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/16/2024 |
Overview / Comments
|
The opportunity is the commercial component of a master-planned, mixed-use development which includes a 226-unit, Class A apartment community under development. + Great visibility on a hard corner, with over 600’ of frontage on US 331, sharing access at signalized intersection with adjacent Publix-anchored shopping center. + 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. |
Attachments & Media
Additional Details
| Nearest MSA: | Crestview-Fort Walton Beach-Destin |
| County: | Walton |
| Tax ID/APN: | 231S19230000010031 |
| Property Located Between: | US Hwy 331 S & Marquis Way |
| Property Visibility: | Excellent |
| Largest Nearby Street: | US Hwy 331 |
| Feet of Frontage: | 650 |
| Traffic/Vehicle Count: | 30,000 |
| Highway Access: | Immediate |
| Site Description: | 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. |
| Area 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. |
| Zoning Description: | Commercial (Retail/Restaurant) |
| Part of Planned Development?: | Yes |
| Development Name: | The Waters at Freeport |
| Topography: | Level |
| Available Utilities: | Electric, Water, Gas, Sewer |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 1,026 | 4,624 |
| Median Age: | 43.35 | 39.77 |
| Households: | 442 | 1,906 |
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