1317 S Us Highway 331, DeFuniak Springs, FL 32435

$1,200,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 165,092 Status: Sold
Current Price: $1,399,000 List Date: 6/20/2023 Last Modified: 10/13/2024

Description

Incredible income-producing property on 3.79 acres with 160 front feet on Hwy 331S just 2/3 mile north of I-10. Currently leased to LaRumba's Restaurant. DeFuniak Springs is growing with the newest additions of Starbucks, Chick-fil-A, Bay Springs development and the upcoming development at the NW corner of I-10 and 331S. Building total SF is 6368sf with 5096sf heated & cooled. There are 2 large dining rooms, bar area, plus a huge almost 1100sf covered patio area for outside dining. There is a large kitchen and prep room; . Kitchen equipment does not convey. Tenant is in a month to month lease currently. Owner will consider financing with appx 20% down and negotiable terms. This is one of only two commercial properties available on Hwy 331S currently with monthly income.

More Information MLS# 925870

None

Current Price: $1,200,000

Status Change Info

Status: Sold Under Contract Date: 2024-05-10 Sold Date: 2024-07-15 Sold Price: $1,200,000

Contract Info

GCCMLS Number: 30846166 List Date: 2023-06-19 List Price: $1,399,000 Listing Board: Emerald Coast

Location Tax and Legal

Area: 23 - North Walton County Street #: 1317 Street Direction: S Street Name: Us Highway 331 State: FL Zip Code: 32435 County: Walton Parcel ID: 02-2N-19-18000-040-0000

General Property Info

Listed on GCCMLS: Yes Description: 3.79 Acres Hwy 331S Property Information: 3.79 Acres on Hwy 331S with 160 front feet. LaRumba's restaurant leases the building month to month. Located just 2/3 mile north of I-10. Vacant: No Immediate Occupancy: No Acreage: 3.79 Lot Frontage: 160 Zoning: C-2

Income Producing

Year Built: 1987 Building SqFt: 5096 Annual Gross Income: 38700 Property Type: Other (See Remarks)

Other

# of Units: 1

Property Features

Class: Income Producing; Other Construction Status: Existing
Listing Office: Kim & Company
Last Updated: October - 13 - 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.

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