18125 S US Highway 331, Freeport, FL 32439

$775,000
Property Type: Commercial for Sale Square Footage: 1,363 Lot Size (sq. ft.): 89,734 Status: Sold
Current Price: $775,000 List Date: 8/30/2022 Last Modified: 10/04/2024

Overview

Description

Currently under contract, seller considering back up offers. Prime commercial property situated perfectly in a prime location on Highway 331. Located just 3 miles from the Choctawhatchee Bay Bridge, 2 miles from Hwy 20 this location is ideal to support the fast-growing communities in Freeport and South Walton. This parcel is 2.06 acres with 300 feet fronting Highway 331. Property is currently zoned general commercial with an impressive daily traffic count of 25,000. General Commercial uses include, but not limited to, lodging, restaurant, accommodations, multi-family, professional services, office, and so many more.

Supplements: There is currently a one-story brick building on the property that can be renovated into an office or for multi-use purposes. Building will convey as-is. Seller will provide current survey of property. See the Walton County Economic Development Corridor Plan for information about potential development opportunities that may have benefits with fundi

Listing Details MLS# 731551

Contract Info

List Price/SqFt
659.57
Sub-Type
Other

Location

Area
12 – Walton County
Street #
18125
Street Direction
S
Street Name
US Highway 331
State
FL
Zip Code
32439
County
Walton
Sub Area
1210 – Walton – Freeport
Subdivision
[No Recorded Subdiv]
Community/Resort
None
Waterfront
No
Parcel ID
27-1S-19-23000-043-0010
Directions
Going west on Hwy 98, turn right onto Hwy 331. Cross over Choctawhatchee Bay Bridge. Property is on the right about 3 miles past bridge.
Legal Description
COM NE/C OF SE4 OF SEC N 86 ''DEG 25'53''''W ALONG N LINE OF'' SE4 1358.78 FT, S 03 DEG 48 ''24''''W 200 FT, N 86 DEG 25'01''''W'' 430 FT TO E R/W OF HWY 331, S ''02 DEG 12'56''''W ALONG R/W'' 137.61 FT, CONT S 01 DEG 26 ''09''''W ALONG R/W 2.5 FT TO POB,'' ''CONT S 01 DEG 26'09''''W ALONG'' R/W 300 FT, THENCE S 86 DEG ''25'01''''E 300 FT, N 01 DEG 26'' ''09''''E 300 FT, N 86 DEG 25'01''''W'' 300

General Property Info

List Class
Commercial
Immediate Occupancy
Yes
Construction Status
Construction Complete
Acreage
2.06
Frontage Ft
300
Lot Depth
300
Lot SqFt
90000
SqFt Tot Bldg
1363
Year Built
1971

Status Change Info

Under Contract Date
2022-09-29
Sold Date
2023-01-04
Sold Price/SqFt
568.6
Sold Price/Acre
376213.59

Listing Info, Tax and Legal

HOA Fee
No

Remarks & Misc

Remarks
Currently under contract, seller considering back up offers. Prime commercial property situated perfectly in a prime location on Highway 331. Located just 3 miles from the Choctawhatchee Bay Bridge, 2 miles from Hwy 20 this location is ideal to support the fast-growing communities in Freeport and South Walton. This parcel is 2.06 acres with 300 feet fronting Highway 331. Property is currently zoned general commercial with an impressive daily traffic count of 25,000. General Commercial uses include, but not limited to, lodging, restaurant, accommodations, multi-family, professional services, office, and so many more.

More Information

Construction/Siding

Brick
Yes
Roof – Metal
Yes

Energy

AC – Central Elect
Yes
Heat – Central Electric
Yes
Water Heater – Electric
Yes

Financing

Cash
Yes
Construction Perm
Yes
Conventional
Yes

Present Zoning

Commercial
Yes

Utilities

Electricity – Connected
Yes

Sale Type

As Is
Yes

Floors in Unit/Home

One
Yes

Heating/Cooling

AC – Central
Yes
Heat – Central Electric
Yes

Site Description

Survey
Yes

Transport. Access

4-Lane
Yes

Property Features

Energy: AC – Central Elect; Heat – Central Electric; Water Heater – Electric Financing: Cash; Construction Perm; Conventional Present Zoning: Commercial Sale Type: As Is Site Description: Survey Utilities: Electricity – Connected
Listing Office: Corcoran Reverie
Last Updated: October – 04 – 2024
Information deemed reliable but not guaranteed.