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Hwy 331
Freeport, FL 32439
Hwy 331 & Lagrange Rd · Land For Sale · 34.00 AC

Investment Highlights

  • Possibility to have a marina with frontage on the water.
  • This 34 +/- acre development is located approximately 1.7 miles S. of State Hwy 20
  • Potential opportunity for commercial and/or residential development with access to the Choctawhatchee Bay
  • This development consists of 10 parcels.
  • on US Hwy 331 South and approximately 3 miles north of the Choctawhatchee Bay from the Clyde B. Wells Bridge.
  • Located in a growing corridor of Walton County with average AADT between 17-18K cars per day.

Executive Summary

This 34 +/- acre development is located approximately 1.7 miles south of State Hwy 20 on US Hwy 331 South and approximately 3 miles north of the Choctawhatchee Bay from the Clyde B.
Wells Bridge. Potential opportunity for commercial and/or residential development with access to the Choctawhatchee Bay along a growing corridor of Walton County with average AADT between
17-18K cars per day. This development consists of 10 parcels. perfectly situated in a HIGH TRAFFIC corridor with potential for marina, homes, & commercial, etc.

Property Facts Under Contract

Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
Total Lot Size 34.00 AC
Zoning C-2 - C-2 zoning is a commercial zoning district that allows for a range of retail and service businesses. It's also known as a Community Commercial Zone.

1 Lot Available

Lot

Price $14,250,267 CAD
Price Per AC $419,125.51 CAD
Lot Size 34.00 AC

This 34 +/- acre development is located approximately 1.7 miles S. of State Hwy 20 on US Hwy 331 South & approximately 3 miles N. of the Choctawhatchee Bay from the Clyde B. Wells Bridge. Potential opportunity for commercial/residential development.

Description

This 34 +/- acre development is located approximately 1.7 miles south of State Hwy 20 on US Hwy 331 South and approximately 3 miles north of the Choctawhatchee Bay from the Clyde B. Wells Bridge. Potential opportunity for commercial and/or residential development with access to the Choctawhatchee Bay along a growing corridor of Walton County with average AADT between 17-18K cars per day. This development consists of 10 parcels. perfectly situated in a HIGH TRAFFIC corridor with potential for marina, homes, & commercial, etc.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 27-1S-19-23000-031-0020
  • 27-1S-19-23000-033-0030
  • 27-1S-19-23000-031-0060
  • 27-1S-19-23000-031-0000
  • 27-1S-19-23000-040-0000
  • 27-1S-19-23000-031-0050
  • 27-1S-19-23000-045-0041
  • 27-1S-19-23000-031-0040
  • 27-1S-19-23000-011-0010
Land Assessment
$2,917,209 CAD
Improvements Assessment
$412 CAD
Total Assessment
$2,917,621 CAD
  • Listing ID: 16890718

  • Date on Market: 2019-08-12

  • Last Updated:

  • Address: Hwy 331, Freeport, FL 32439

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