331 Business, Freeport, FL 32439

$2,050,000
Property Type: Land Lot Size (sq. ft.): 552,341 Status: Sold
Current Price: $2,575,000 List Date: 8/14/2020 Last Modified: 11/14/2024

Description

Fully Entitled Warehouse & Flex Space Project located in the heart of the emerging market of Freeport, Florida! The infrastructure of the first phase of this two-phase project is in place and ready to accommodate vertical construction of warehouse and office space, which will cater to the enormous, national record-breaking growth of Walton County and surrounding areas! Phase I is permitted for 43,170 SF of warehouse space and 20,918 SF of office space. Phase II, once developed, will contain 74,182 SF of warehouse space and 35,514 SF of office space. The total site area contains 12.68 acres, under a Light Industrial zoning district, and a future land use category of Industrial.

Supplements: This project is located nearly equidistantly between I-10 in Defuniak Springs and Highway 98 in Santa Rosa Beach; approximately 10 miles to the North and South, respectively. Whereas a similar project from a state of raw-land would take approximately 24 to 36+ months to achieve entitlements and develop like-kind infrastructure and site improvements, take full advantage of the current demand factor and lack of supply and commence vertical construction NOW! Please inquire to coordinate a private site visit, and to view approved architectural plans. The approved site plan is uploaded to the Documents section of this listing.

More Information MLS# 853155

Status Change Info

Sold Price/Acre: 161671.92 Status: Sold Under Contract Date: 2022-01-24 Sold Date: 2022-07-07 Sold Price: $2,050,000

Contract Info

Listing Board: Emerald Coast List Price/Acre: 203075.71 List Date: 2020-08-14 List Price: $2,575,000

Location, Tax and Legal

Sub Area: 2006 - N. of 20 to Hwy 331 Elementary School: Freeport Middle School: Emerald Coast High School: Freeport Legal Description: Walton County Florida Parcel ID: 35-1N-19-17000-001-0051

General Property Info

Sub-Type: Vacant Land Acreage: 12.68

Listing Info, Tax & Legal

Who Paid Commissions: Seller Who Paid Doc Stamps: Seller Who Paid Title: Buyer Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 8339.06 Last Tax Year: 2019 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: Fully Entitled Warehouse & Flex Space Project located in the heart of the emerging market of Freeport, Florida! The infrastructure of the first phase of this two-phase project is in place and ready to accommodate vertical construction of warehouse and office space, which will cater to the enormous, national record-breaking growth of Walton County and surrounding areas! Phase I is permitted for 43,170 SF of warehouse space and 20,918 SF of office space. Phase II, once developed, will contain 74,182 SF of warehouse space and 35,514 SF of office space. The total site area contains 12.68 acres, under a Light Industrial zoning district, and a future land use category of Industrial.

Lot Features

See Remarks: 1

Lot Access

City Road: 1 County Road: 1

Utilities

Public Sewer: 1 Public Water: 1

Zoning

Industrial: 1

None

Current Price: $2,050,000

Location Tax and Legal

Street #: 331 Street Name: Business Area: 20 - Freeport State: FL Zip Code: 32439 County: Walton Project Name/Subdivision: METES & BOUNDS Parcel ID: 35-1N-19-17000-001-0051

Property Features

Lot Access: City Road; County Road Lot Features: See Remarks Zoning: Industrial Utilities: Public Sewer; Public Water

Documents

Listing Office: Somers & Company
Last Updated: November - 14 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.