16809 Us Highway 331 South, Freeport, FL 32439

$3,950,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 165,528 Status: Active
Current Price: $3,950,000 List Date: 3/21/2025 Last Modified: 12/01/2025

Description

MOTIVATED, NEW PRICING! 3.8 Acres on Busy Hwy 331 South. Ready for Development with Active D.O. in hand & Fees Paid. All the time consuming work has been done. Project has Contractor with Construction Plans ready to schedule Commencement. This project is located on the East side of Hwy 331, on a rare high & dry site. The new project, named Highway 331 Retail Center, is permitted for a total of four buildings, three being retail/restaurant/office space and one being a stand alone restaurant with drive-through. Total square footage is over 29,000 SF of leasable area plus an outdoor seating area of 1,228 SF. Commercial rental space on Busy Hwy 331 South is scarce. There is a demand for retail/office/restaurant space with many new residential communities & apartments being built & more!

More Information MLS# 971838

None

Current Price: $3,950,000

Status Change Info

Status: Active

Contract Info

GCCMLS Number: 999999999 List Date: 2025-03-21 List Price: $3,950,000 Listing Board: Emerald Coast

Location Tax and Legal

Area: 20 - Freeport Street #: 16809 Street Name: Us Highway 331 South State: FL Zip Code: 32439 County: Walton Parcel ID: 23-1S-19-23000-001-0090

General Property Info

Listed on GCCMLS: No Description: Retail Center/Restaurant/Offic Property Information: Building 1 - 7 Units Building 2 - 5 Units Building 3 - 7 Units Building 4 - Stand Alone QSR with Drive-thru See Document Section for Detail Vacant: Yes Immediate Occupancy: Yes Acreage: 3.8 Lot Frontage: 500 Lot Depth: 380 Zoning: Commercial(C-1) Future Land Use: Mixed Use - MU

Land

Property Type: Commercial

Office

# of Units: 7

Retail

# of Units: 12

Property Features

Class: Land; Office; Retail Construction Status: Proposed
Listing Office: Palmetto Properties & Realty LLC
Last Updated: December - 01 - 2025
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.

Your New property is Just a Click Away!