8.63 Acres Business 331, Freeport, FL 32439

$300,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 375,923 Status: Sold
Current Price: $499,900 List Date: 3/21/2020 Last Modified: 10/12/2024

Description

Awesome Opportunity to develop town homes, apartments or affordable housing in growing Freeport. Property is 8.63 acres. In 2005 there were crossing permits. Those have since expired but should be easily obtained again. In Documents there is a layout for 68 town homes & a layout for 64 apartments, which could possibly be pushed to 80 apartments. Mobile home park is possibly allowed if you are doing affordable housing. Please verify with City of Freeport. The City of Freeport just recently passed incentives to develop affordable housing, which would relax some setback & density requirements. The site has recently been bush hogged so feel free to walk. Seller's are licensed real estate agents in the state of Florida.

More Information MLS# 831929

Contract Info

GCCMLS Number: 1111111 Listing Board: Emerald Coast List Date: 2019-09-23 List Price: $499,900

Location, Tax and Legal

Sub Area: 2006 - N. of 20 to Hwy 331 Legal Description: N1/2 OF N1/2 NW1/4 OF NE1/4 OF SEC 03-1S-19W OR 2651-4034 OR 2653-4416 OR 2655-4349 OR 2862-359 OR 2994-1140 OR 2994-1143

General Property Info

Lot Depth: 1200 Acreage: 8.63

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Awesome Opportunity to develop town homes, apartments or affordable housing in growing Freeport. Property is 8.63 acres. In 2005 there were crossing permits. Those have since expired but should be easily obtained again. In Documents there is a layout for 68 town homes & a layout for 64 apartments, which could possibly be pushed to 80 apartments. Mobile home park is possibly allowed if you are doing affordable housing. Please verify with City of Freeport. The City of Freeport just recently passed incentives to develop affordable housing, which would relax some setback & density requirements. The site has recently been bush hogged so feel free to walk. Seller's are licensed real estate agents in the state of Florida.

Class

Land: 1 Mobile/Trailer Park: 1 Multi-Family: 1

None

Current Price: $300,000

Status Change Info

Status: Sold Under Contract Date: 2020-03-13 Sold Date: 2020-09-11 Sold Price: $300,000

Location Tax and Legal

Area: 20 - Freeport Street #: 8.63 Acres Street Name: Business 331 State: FL Zip Code: 32439 County: Walton Parcel ID: 03-1S-19-23000-002-0000

Property Features

Class: Land; Mobile/Trailer Park; Multi-Family
Listing Office: Coastal Sands Properties LLC
Last Updated: October - 12 - 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.