US 331 Retail Outparcel Opportunity

Vacant Land for Lease
Also listed as Retail-Commercial, Shopping Center
Catylist Listing ID: 30758711
Property Subtypes: Industrial, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 0.69 - 1.63 Acres
Lease Rate: $95,000 - 190,000 (Annual)
$3.16 - 6.32 PSF (Annual)
Base Monthly Rent: $7,916 - 15,833
Lease Types: Ground Lease
Land Splits Available: Yes
Last Updated: 12/20/2021

Overview / Comments

Prime retail, QSR, and mixed-use opportunity in Freeport, FL. The proposed development is a total of +/- 6.9 acres with several outparcels available for ground lease. The outparcels available range in size from +/- .69-1.63 acres and could be leased separately or combined for a larger footprint. Outparcels 1-2 combined are +/- .69-1.4 acres and outparcels 3-4 are +/-.81-1.63 acres. The property is zoned Commercial Highway/Light Manufacturing which allows for a number of commercial uses including, but not limited to, retail, restaurants, car washes, offices, banks, and other similar uses. The development is located off US-331, which has a traffic count of 17,000 vehicles per day. US-331 spans 150 miles from Santa Rosa Beach, FL, to Montgomery, AL. The site is an excellent location for a retail development being situated next to national retailers and businesses such as Publix, Mcdonalds, Waffle House, Dairy Queen, FedEx, UPS, Subway, Exxon, Shell, and many more.

Parcel #’s (APN): 23-1S-19-23000-001-0031
Outparcel 1: .69 acres (30,056 sq ft) = $95k/year
Outparcel 2: .71 acres (30,928 sq ft) = $95k/year
Outparcel 3: .81 acres (35,284 sq ft) = Unavailable
Outparcel 4: .82 acres (35,719 sq ft) = Unavailable
Outparcel 1 & 2: 1.4 acres (60,984 sq ft) = $190k/year
Outparcel 3 & 4: 1.63 acres (71,003 sq ft) = Unavailable

Attachments & Media

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Walton
Taxing Authority: Walton
Tax ID/APN: 23-1S-19-23000-001-0031
Property Visibility: Excellent
Largest Nearby Street: Hwy 331
Feet of Frontage: 625
Traffic/Vehicle Count: 17,000
Highway Access: Yes; US Hwy 331
Area Description: Walton County is located in the North Florida Panhandle approximately +/-55 miles east of the City of Pensacola and +/-100 miles west of The City of Tallahassee. The site is near the destination beaches of Florida’s Emerald Coast, restaurants and entertainment. Walton County has a strong economy supported by over 4 million visitors and an estimated $4.4 billion in sales volume annually within the trade area. Major employers in the area include Okaloosa County School District, Walton County School Board, Fort Walton Beach Medical Center, Lockheed Martin, Walton County Government, Sandestin Golf and Beach Resort, Reliance Test & Technology, Okaloosa Board of County Commissioners, North Okaloosa Medical Center, and L3 Crestview Aerospace.
Lot Frontage: 625
Lot Depth: 480
Zoning Description: Commercial Highway Light Manufacturing
Easements: Other
Easements Description: Easements recorded prior to closing
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,026 4,624
Median Age: 43.35 39.77
Households: 442 1,906


Photograph of Listing Agent

Harry Bell

Bellcore Commercial LLC Gulf Coast CMLS Member
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