• Broker Sherry Paris 8505984290
Palmetto Properties & Realty LLC

16809 US Highway 331 S - Highway 331 Retail Center 3.8 Acres of Commercial Land Offered at $6,767,302 CAD in Freeport, FL 32439

View Photo

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

Investment Opportunity. Over 29,000 SF proposed with three buildings Office/Restaurant/Retail space and one stand alone building for a QSR with Drive-Thru. Retail/Office/Restaurant space is hard to find along Highway 331 South. This is the time-saver opportunity. All the behind the scenes work has been done and City of Freeport fees paid. It is ready to GO!

ATTACHMENTS

Destin Inv - Hwy 331 - Plans

PROPERTY FACTS

Price $6,767,302 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 $6,767,302 CAD
Price Per AC $1,780,869.02 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)

MAP

ADDITIONAL PHOTOS

View Photo Three Buildings & Courtyard in the Center
View Photo Aerial of Highway Frontage with 3.8 Acres

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