U.S. HIGHWAY 331 DEVELOPMENT OPPORTUNITY
Vacant Land
for Sale
Also listed as Retail-Commercial, Business Opportunity
| Catylist Listing ID: |
30868127 |
| Property Subtypes: |
Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort
|
| Gross Land Area: |
1.86 Acres
|
| Sale Price: |
$899,000 |
| Unit Price: |
$483,333 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/27/2024 |
Overview / Comments
|
An exceptional opportunity awaits! Discover 1.86 acres of prime land recently rezoned to General Commercial, strategically positioned alongside a bustling highway. Ideal for savvy investors and developers eager to capitalize on the burgeoning commercial potential of this high traffic locale. Don’t hesitate—secure this lucrative investment opportunity before it’s gone! Rodney Drive in Freeport, FL harmoniously blends residential tranquility with promising commercial prospects. Nestled amidst Freeport's scenic landscape, this area offers unparalleled accessibility and visibility for businesses. With 330 frontage feet on US Highway 331, this versatile land parcel holds immense potential for development into a vibrant retail center, an office complex or other commercial uses to serve the adjacent residential community and bolster local commercial activities. It’s prime location ensures maximum visibility and accessibility, making it an irresistible opportunity for businesses seeking growth and prominence in the heart of Freeport, FL and within a short driving distance to the beaches of South Walton. Environmental Assessment confirms no wetlands ensuring ease of develppment. BUYER TO INDEPENDENTLY VERIFY ALL INFORMATION. Call listing agent, Deborah Channell at 850.502.9402 for showing.
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Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Walton |
| Tax ID/APN: |
34-1S-19-23070-00B-0100 |
| Zoning: |
GENERAL COMMERCIAL |
| Property Visibility: |
Excellent |
| Legal Description: |
LOTS 10, 11, 12 & 13 BLK B LAIRDS S/D SOUTH OF CANAL & CONCRETE DRAIN, EAST OF HWY 331, ON S BY RODNEY DRIVE, W BY LOT 15, N OF CENTER OF CANAL. OR 1358-3 LESS: DOT ROW AS DESC IN OR 2784 PG 4054 OR 2828-3538 OR 2884-1899 |
| Largest Nearby Street: |
US HIGHWAY 331 |
| Feet of Frontage: |
330 |
| Site Description: |
Prime 1.86+/- acre vacant lot with 330 feet of frontage on US Highway 331. Strategically located near the Highway 331 bridge and Rodney Drive intersection.
Recently rezoned from rural village to General Commercial for diverse development opportunities. Environmental Assessment confirms no wetlands, ensuring ease of development. |
| Lot Frontage: |
330 |
| Zoning Description: |
COMMERCIAL |
| Topography: |
Level |
| Available Utilities: |
Electric |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
4,171 |
4,171 |
| Median Age: |
40.52 |
40.52 |
| Households: |
1,741 |
1,741 |
|
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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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