Ocean Reef Real Estate Sales is pleased to present a nice-sized parcel of waterfront commercial property for sale at 19420 US Hwy 331 in Freeport, Florida. It spans 1.33 acres, or 57,935 square feet, and is located just north of the 331 bridge connecting to the beaches of South Walton over the Choctawhatchee Bay. According to recent traffic studies, this active location on US Hwy 331 averages almost 30,000 car passengers daily.
The rear portion of this property is bordered by a canal-like waterway that connects to Mallet Bayou, which flows directly into the expansive Choctawhatchee Bay. Currently, there is a single-family residence on this property, which has 1,542 square feet, three bedrooms, 2 baths, and a fenced-in backyard. There is also a boat ramp, two docks, and a storage building with power and water.
A prime general commercial zoning designation has been applied to this property, with water taps already in place and public sewer service to be added soon. Such designations are reserved specifically for commercial uses located on major highways or intersections for businesses to serve the general public best. These commercial businesses may include professional offices, restaurants or fast food operations, hotels or motels, strip centers, retail stores, and other enterprises. It can also include multi-family townhomes or apartments up to 17 units per acre.
This commercial property is being offered at $1,499,000, which includes the pre-existing single-family residence with 3 bedrooms and 2 baths. Currently, there are five other commercial properties for sale on US Hwy 331 in Freeport. They range in price from a 1.2-acre commercial parcel for professional buildings, banks, specialty stores, restaurants, fast food operations, and grocery stores listed for $950,000 up to $2,995,000 for a 3.4-acre parcel zoned industrial that is currently being used as a professional landscape operation.
If you are interested in this large parcel available for general commercial use, contact our Ocean Reef Real Estate Sales office today at 877-392-6085. We can provide complete details and valuable information on the other commercial properties referenced as a comparison. Additional information is available at the Walton County Planning and Zoning offices. We look forward to serving you soon!
