$2,500,000
Freeport, FL 32439
MLS# 941593
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Property Description
Development Opportunity! Consider the potential of this combined 5.15 and .24 acre property, totaling 5.39 acres, located in the expanding downtown/business corridor of Freeport, Florida. Situated on 331 Business, this property offers various future property uses. Zoned Residential/Commercial, allowable uses include retail and restaurants, professional/medical office, and residential/multifamily related uses.
Details
Documents
None
Current Price: $2,500,000
Status Change Info
Status: Active
Contract Info
GCCMLS Number: 30866874
List Date: 2024-02-05
List Price: $2,500,000
Listing Board: Emerald Coast
Location, Tax and Legal
Area: 20 - Freeport
Street #: 15348
Street Name: US-331 BUS
State: FL
Zip Code: 32439
County: Walton
Sub Area: 2006 - N. of 20 to Hwy 331
Parcel ID: 10-1S-19-23000-008-0010
Property Name: Development Opportunity
Legal Description: BEG AT W SIDE OF SR #40 ON N 40 LINE OF NW4 OF SE4, RUN W 140 YDS, S 70 YDS FOR BEG, S 150 FT E 400 FT TO W SIDE OF SR 40, N 150 FT, W 400 FT TO POB OR 160-452; AND ALSO COM NE/C OF NW1/4 OF SE1/4 RUN N 89 DEG 10'28W 1835.50 FT TO POB, S 00 DEG 58'58W 186 FT S 67 DEG 37'24E 473.65 FT, N 0 DEG 20'08E 360 FT, N 89 DEG 10'28W 437.50 FT TO POB OR 169-104; AND ALSO COM NE/C OF NW1/4 OF SE1/4, N89 DEG1
General Property Info
Listed on GCCMLS: Yes
Vacant: No
Immediate Occupancy: Yes
Acreage: 5.39
Lot Frontage: 251
Lot Depth: 728
Zoning: RC: Res/Com
Future Land Use: MU - Mixed Use
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: Development Opportunity! Consider the potential of this combined 5.15 and .24 acre property, totaling 5.39 acres, located in the expanding downtown/business corridor of Freeport, Florida. Situated on 331 Business, this property offers various future property uses. Zoned Residential/Commercial, allowable uses include retail and restaurants, professional/medical office, and residential/multifamily related uses.
Office/Member Info
Cooperative Comp: 2
Cooperative Comp Type: %
Land
Property Type: Commercial
Lot Features
Coastal Barrier Zone: No
Property Features
Class: Land
Construction Status: Existing
Supplements
The property measures 251 ft. of frontage on 331 Business, is located approximately .8 miles north of SR 20, and 3.6 miles south of US-331. The 98/30a area beaches are 20-30 miles away, Destin-Fort Walton Beach (VPS) Airport 28.5 miles away, and I-10/Defuniak Springs 17 miles away. Freeport Elementary School is across the street from the property, with Freeport's middle and high schools both on 331 Business as well. Freeport's rapid growth, fueled by the demand for non-coastal and attainable living, positions it as one of the fastest-growing communities in Florida, with more growth to come.
Land Use Chart 
Res/Nbhd Com (RC) Zoning/LDP Page 3-20 Listing Office: Berkshire Hathaway HomeServices
Last Updated: March - 07 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
Sunday 12th of May 2024 11:22 AM
