14874 Us-331 Bus, Freeport, FL 32439

$4,000,000

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List Price
$4,000,000
Status
ACTIVE
Days on Market
356
MLS#
989106
Subtype
Land
Lot Size
498,326
Acres
11.44
Subdivision
The Oaks Of Freeport
Neighborhood
Bay Grove
MLS Area Major
Freeport

Property Description

Introducing an exceptional opportunity to own a prime piece of real estate in the rapidly growing city of Freeport, Florida. This expansive 11.44-acre property, consisting of two combined parcels, is ideally situated along US Highway 331 and is zoned R-3 for multi-family use. The property comes with a Development Order (D.O.) approved for 128 apartment units, along with building plans and surveys offering a rare, shovel-ready opportunity ideal for developers and investors alike. The location provides excellent visibility and accessibility along the bustling US Hwy 331 corridor, surrounded by a mix of residential and commercial growth. Just minutes from downtown Freeport, local schools, shopping, and essential services, the property is also within easy reach of the beautiful Beaches of South Walton, Interstate 10, and Highway 98. This is a prime development opportunity in one of Walton County's fastest-growing markets, where the demand for quality multi-family housing continues to rise. Inquire today to learn more. Buyer to verify all information deemed important.

Additional Information

Zoning
Resid Multi-Family
Elementary School
Freeport
Middle School
Freeport
High School
Freeport

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Listing courtesy of Corcoran Reverie SRB.

Vendor Member Number : 28166