XX U.S, HIGHWAY 331
Vacant Land
for Sale
| Catylist Listing ID: |
30663951 |
| Property Subtypes: |
Multi-Family, Residential (Single Family), Retail-Pad
|
| Gross Land Area: |
1.86 Acres
|
| Sale Price: |
$890,000 |
| Unit Price: |
$478,494 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/18/2021 |
Overview / Comments
OPPORTUNITY TO OWN PROPERTY ON HWY. 331 SOUTH! 1.86+/- acres with 330' FRONTAGE FEET on U.S. Highway 331. Great location just minutes from Highway 331 bridge at corner of Rodney Drive and U.S. Highway 331. Current zoning is rural village; however the property owner is working on an application for rezoning and land use change to allow for commercial development on the property as the adjacent parcel was approved for rezoning in 2019 for a land use change of rural village to General Commercial.
Property acreage is based on Walton County Property Appraiser's data. Buyer to independently verify all information.
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Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Walton |
| Taxing Authority: |
Walton County, FL |
| Tax ID/APN: |
34-1S-19-23070-00B-0100 |
| Zoning: |
RURAL VILLAGE - OPPORTUNITY TO REZONE TO GENERAL COMMERCIAL |
| Property Located Between: |
Highway 331 bridge and Rodney Drive |
| Property Visibility: |
Excellent |
| Legal Description: |
Lots 10, 11, 12 and 13 BLK B LAIRDS S/D SOUTH OF CANAL AND C0NCRETE 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 05 2884-1899 |
| Largest Nearby Street: |
U.S. HIGHWAY 331 |
| Feet of Frontage: |
330 |
| Highway Access: |
See drone photos for detail |
| Area Description: |
Based on US Census data for 2017, Walton County was the fastest growing county in Florida and sixth fastest growing county in the nation . Walton County with an estimated population of 65,301 in 2017, is projected to grow by upwards of 47% by the year 2045, to as much 138,500 residents |
| Lot Frontage: |
330 FRONTAGE FEET ON U.S. HIGHWAY 331 |
| Lot Depth: |
185' |
| Zoning Description: |
Current zoning is rural village, which is a primarily residential zoning category with a current future land use of rural residential.
There is an opportunity for rezoning to allow for commercial development as the adjacent parcel was approved for rezoning in 2019 for a land use change of rural village to General Commercial. |
| Topography: |
Level |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
2,547 |
4,171 |
| Median Age: |
41.93 |
40.52 |
| Households: |
1,080 |
1,741 |
|
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