1.82 Acres Hwy 331 S Freeport

Retail-Commercial for Sale
Catylist Listing ID: 30871839
Property Subtypes: Mixed Use
Building Size (RSF): 5,354 SF
Gross Land Area: 1.82 Acres
Sale Price: $1,500,000
Unit Price: $280.16 PSF
Property Use Type: Vacant/Owner-User
Building Name: Freeport Assembly of God
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/27/2024

Overview / Comments

This 1.82 acre property is located just south of the new Ships Chandler and only 1.2 miles south of the intersection of US 331 and Hwy 20. Freeport Assembly of God was built in 1959. This 5,354 sf building has watched the surrounding community of Freeport explode over the years. Freeport is the fastest growing city in Walton County and one of the fastest growing cities in the state of Florida.

The property is located in the Municipality of Freeport with a zoning classification of C-1, "General Commercial District". There is a 6" water line on the front of the property. Freeport is quickly expanding their services and may have sewer availability, but a buyer would be advised to verify this directly with the city.

The property has 2 buildings including the church built in 1959 and a mobile home from 1989. The church is 5,354 sf CMU construction with a new roof. The Mobile home is 1,144 sf. and will be removed from the property prior to closing. There are 2 driveway cuts directly on US 331. There is a large, though damaged, sign on the road for the church.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Walton
Tax ID/APN: 221S19230000140000
Zoning: C-1
Retail Clientele: General, Business, Tourist
Property Visibility: Excellent
Largest Nearby Street: US331
Feet of Frontage: 250
Traffic/Vehicle Count: 29,000
Highway Access: Direct Access to US HWY 331
Site Description: Located on the East side of US 331 just 1.2 miles south of US Hwy 20.
Area Description: Not Surprising, Freeport is one of the fastest growing cities in Florida. Located just a short drive to the beaches of South Walton, 30A and Seaside, Freeport has become a popular bedroom community.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1959
Year Renovated: 2020
Roof Type: Gable
Construction/Siding: Block
Parking Description: Dirt
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: C-1 General Commercial District
Lot Frontage: 250
Lot Depth: 285
Water Service: Municipal
Sewer Type: Other

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,547 4,624
Median Age: 41.93 39.77
Households: 1,080 1,906


Photograph of Listing Agent

James Watts

J WATTS Properties Gulf Coast CMLS Member
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