16809 US Highway 331 S - Highway 331 Retail Center
3.8 Acres of Commercial Land Offered at $6,951,311 CAD in Freeport, FL 32439
INVESTMENT HIGHLIGHTS
- 500 Feet of US Highway 331 South Frontage
- Active Development Order in Place with City of Freeport Fees Paid
- High and Dry Property
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $6,951,311 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 3.80 AC |
1 LOT AVAILABLE
Lot M & B
| Price | $6,951,311 CAD |
| Price Per AC | $1,829,292.32 CAD |
| Lot Size | 3.80 AC |
3.8 Acres on US Highway 331 South with 500' of Highway Frontage. Property is a rare site with no wetlands - high and dry. Development Order in Place with the City of Freeport.
DESCRIPTION
OPPORTUNITY AHEAD! 3.8 Acres on Busy Hwy 331 South. Ready for Development with Active D.O. in hand & Fees Paid. All the time consuming work has been done. Project has Contractor with Construction Plans ready to schedule Commencement. This project is located on the East side of Hwy 331, on a rare high & dry site. The new project, named Highway 331 Retail Center, is permitted for a total of four buildings, three being retail/restaurant/office space and one being a stand alone restaurant with drive-through. Total square footage is over 29,000 SF of leaseable area plus an outdoor seating area of 1,228 SF. Commercial rental space on Busy Hwy 331 South is scarce. There is a demand for retail/office/restaurant space with many new residential communities & apartments being built & more!
ZONING
| Zoning Code | C-1 Commercial & MU (Retail, Restaurant and Office Space Permitted. Also permitted for a Stand Alone Quick Serve Restaurant with Drive-Thru) |
