00 S Hwy 331

Vacant Land for Sale
Catylist Listing ID: 30872407
Property Subtypes: Hospitality, Mobile Home Park, Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 25 Acres
Sale Price: $2,499,000
Unit Price: $99,960 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/14/2024

Overview / Comments

25 acres of prime commercial property with over 400 feet of road frontage strategically located on US Hwy 331 between the booming area of Freeport and Defuniak Springs. Perfect for your commercial venture like hospitality, storage facilities and complimentary businesses near the NW Florida Commerce Park just 2,000 feet north. Within 3.6 miles of the junction of I-10 and US Hwy 331, the main east/west and north/south highway corridor in Walton County. Surrounded by active residential developments with thousand's of single-family homes by the nation's largest home builders. Traffic count of 22982 per day. Existing commercial parcels of this size and location are rare. All information deemed reliable but not guaranteed and prospective buyers must verify the suitability for their use.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Walton
Taxing Authority: Walton County
Tax ID/APN: 262N19180000220010
Property Located Between: Freeport and Defuniak Springs
Property Visibility: Good
Legal Description: S 412.5 FT OF S1/2 OF NW1/4 W ST RD 83 ORB 58-69 OR 2165-172 OR 2462-1880
Largest Nearby Street: US Hwy 331 S
Feet of Frontage: 400
Traffic/Vehicle Count: 22,982
Highway Access: Direct
Airports: Defuniak Springs Municipal Airport, Destin Private Airport, Destin FWB, and Panama City
Site Description: 25 acre (400'x2550') rectangular parcel with scrub oaks and native fauna
Area Description: DeFuniak Springs is a city in Walton County, Florida, United States. The population was 6,968 as of the 2020 Census. The county seat of Walton County, the city also serves as a hub for many residents in surrounding communities. In 2019, MSN's Insider Online named the city as the "best small town in Florida". DeFuniak Springs is home to Lake DeFuniak, one of two spring-fed lakes in the world that is nearly perfectly round. The lake is surrounded by a park with a playground, picnic areas, and a walking trail. The city also has a number of other historical and cultural attractions, including: The DeFuniak Springs Museum: This museum tells the story of the city's history from its founding in 1854 to the present day. The Chautauqua Auditorium: This historic auditorium was built in 1885 and is listed on the National Register of Historic Places. It is now used for a variety of events, including concerts, plays, and lectures. The DeFuniak Springs Opera House: This beautiful opera house was built in 1906 and is also listed on the National Register of Historic Places. It is now used for a variety of performances, including concerts, plays, and musicals. The Lake DeFuniak State Park: This park offers a variety of activities, including swimming, fishing, boating, and camping. DeFuniak Springs is a charming city with a rich history and a variety of attractions. It is a great place to visit for a weekend getaway or a longer vacation.
Lot Frontage: 400
Lot Depth: 2550
Zoning Description: Commercial
Topography: Level
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: Utilities
Available Utilities: Electric, Water, Gas
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 848 2,108
Median Age: 47.27 48.75
Households: 351 853


Photograph of Listing Agent

Jim Ball

Century 21 AllPoints Realty
Gulf Coast CMLS Member
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