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:
$899,000
List Date:
8/30/2022
Last Modified:
10/04/2024
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 funding and development. Buyer to verify all dimensions, information.
More Information MLS# 731551
Contract Info
List Price/SqFt: 659.57
List Date: 2022-08-30
List Price: $899,000
Current Price: $775,000
Sub-Type: Other
Location
Sub Area: 1210 – Walton – Freeport
Community/Resort: None
Waterfront: No
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.
Area: 12 – Walton County
Street #: 18125
Street Direction: S
Street Name: US Highway 331
State: FL
Zip Code: 32439
County: Walton
Subdivision: [No Recorded Subdiv]
Parcel ID: 27-1S-19-23000-043-0010
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
Acreage: 2.06
Immediate Occupancy: Yes
Construction Status: Construction Complete
Frontage Ft: 300
SqFt Tot Bldg: 1363
Lot Depth: 300
Lot SqFt: 90000
Year Built: 1971
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.
Status Change Info
Sold Price/SqFt: 568.6
Sold Price/Acre: 376213.59
Status: Sold
Under Contract Date: 2022-09-29
Sold Date: 2023-01-04
Sold Price: $775,000
Construction/Siding
Brick: 1
Roof – Metal: 1
Energy
AC – Central Elect: 1
Heat – Central Electric: 1
Water Heater – Electric: 1
Financing
Cash: 1
Construction Perm: 1
Conventional: 1
Present Zoning
Commercial: 1
Utilities
Electricity – Connected: 1
Sale Type
As Is: 1
Floors in Unit/Home
One: 1
Heating/Cooling
AC – Central: 1
Heat – Central Electric: 1
Site Description
Survey: 1
Transport. Access
4-Lane: 1
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.