331 I 10 And Us Hwy 331, Defuniak Springs

$6,950,000

0 Beds
0 Baths
60,984,000 Sqft
1400 Acres
0 Garages

Rare opportunity for investors/developers to own a parcel of this size so close to Emerald Coast Beaches. Gateway property site in DeFuniak Springs, FL located at I-10 and Hwy 331, the major north-south connector to Emerald Coast Beaches only 30 minutes away. With over 2 +/- miles frontage on Interstate 10 and 1.5 +/- miles on Hwy 331, this 1400+/- acre parcel has unlimited development potential including commercial, residential, golf course, recreation, multifamily, manufacturing, industrial/cargo, alternative energy park. The surrounding area is mixed use and an above average location for a variety of commercial and other uses consistent with coastal oriented Walton County.Commercial consistent with neighboring properties. Water and sanitary sewer available from the City of Defuniak Springs and would allow for development of the site. Physical attributes of the property are adequate to support a broad range of construction alternatives oriented towards a future interchange oriented commercial use. Several lakes and ponds on property. Florida Dept. of Transportation is in process of widening U.S. 331 and will provide several new access points to property (details available upon request). This is an excellent development opportunity or buy / hold investment. Site is approx. 30 minutes Northwest of the Panama City International airport.

Essential Information
MLS® #613190
Price$6,950,000
Sold Price$5,520,000
Date Sold$2018-01-16
Square Footage60,984,000
Acres1,400.00
TypeLand
Sub-TypeAgricultural
StatusSold
Community Information
Address331 I 10 And Us Hwy 331
Area23 - North Walton County
CityDefuniak Springs
CountyWalton
StateFL
Zip Code32435
Amenities
UtilitiesSewer Available
School Information
ElementaryFreeport
MiddleFreeport
HighFreeport
Additional Information
Days on Website1795
ZoningAgriculture
HOA Fees0.00
Listing Details
OfficeWorld Impact Real Estate
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Listing information last updated on January 16th, 2019 at 10:48am CST.

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