Development Opportunity in Freeport, Florida
Vacant Land
for Sale
| Catylist Listing ID: |
30866874 |
| Property Subtypes: |
Multi-Family, Office, Retail
|
| Gross Land Area: |
5.39 Acres
|
| Sale Price: |
$2,500,000 |
| Unit Price: |
$463,821 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/7/2024 |
Overview / Comments
Development Opportunity! Consider the potential of this combined 5.15 and .24 acre property, totaling 5.39 acres, located in the expanding downtown/business corridor of Freeport, Florida. Situated on 331 Business, this property offers various future property uses. Zoned Residential/Commercial, allowable uses include retail and restaurants, professional/medical office, and residential/multifamily related uses.
Measuring 251 ft. of frontage on 331 Business, the property is located approximately .8 miles north of SR 20, and 3.6 miles south of US-331. The 98/30a area beaches are 20-30 miles away, Destin-Fort Walton Beach (VPS) Airport 28.5 miles away, and I-10/Defuniak Springs 17 miles away. Freeport Elementary School is across the street from the property, with Freeport’s middle and high schools both on 331 Business as well. Freeport's rapid growth, fueled by the demand for non-coastal and attainable living, positions it as one of the fastest-growing communities in Florida, with more growth to come.
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Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Walton |
| Taxing Authority: |
City of Freeport & Walton County |
| Tax ID/APN: |
101S19230000080010 |
| Zoning: |
RC: RESIDENTIAL/COMMERCIAL |
| Property Located Between: |
SR 20 to the south, and US-331 to the north. |
| Property Visibility: |
Excellent |
| Legal Description: |
COM NE/C OF NW1/4 OF SE1/4, N 89 DEG 10'28"W 1078.06 FT TO PT ON W R/W OF SR 83 (US 331), THENCE ALONG R/W S 07 DEG 43' 49"W 211.53 FT, N 89 DEG 10' 28"W 392.78 FT, N 00 DEG 20' 08"E 105 FT FOR POB,N 00 DEG 20'08"W 105 FT,S 80 DEG 10'28" E 100.00 FT,S 00 DEG 20'08"W 105.00 FT,N 89 DEG 10'28"W 100.00 FT TO POB. OR 458-96 OR 3111-3450 OR 3159-1458 |
| Largest Nearby Street: |
SR 20 |
| Feet of Frontage: |
251 |
| Traffic/Vehicle Count: |
12,500 |
| Highway Access: |
The property is located approximately .8 miles north of SR 20, and 3.6 miles south of US-331. |
| Airports: |
Destin-Fort Walton Beach (VPS) Airport (28.5 miles) & Northwest FL Beaches International (ECP) Airport (31.5 miles) |
| Lot Frontage: |
251 ft. |
| Lot Depth: |
728 ft. |
| Zoning Description: |
Zoning RC: Residential/Commercial. Future Land Use is MU: Mixed Use. |
| Topography: |
Level |
| Easements Description: |
The .24 acre property being sold with the 5.15 acres is not accessible and does not have a recorded easement to the property. |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
453 |
3,103 |
| Median Age: |
32.95 |
39.19 |
| Households: |
165 |
1,268 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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