Prime 331 Development
18500 US Highway 331 South
Freeport, FL 32439
Highlights
- 5.99± acre waterfront development site
- Positioned along the primary corridor connecting Freeport and South Walton with high tourism and beach traffic
- Going to work side of the road on the southwest corner of U.S. Highway 331 South and Sweetwater Lane
- Approximately 785 feet of frontage on U.S. Highway 331 and 420 feet of frontage on Mallet Bayou
- Navigable access through Choctawhatchee Bay to the Gulf
- Potentially developable with up to 30,000 square feet of mixed-use retail, office, hotel, and restaurant space.
- Well suited for waterfront dining and boat-accessible restaurant uses
- Extensive highway frontage supports multiple retail, medical, financial or service-oriented development pads
- Approximately one-half mile south of the new Walmart development and one-half mile north of the U.S. Highway 331 Bridge
- Predominantly Flood Zone X offering water views and waterfront access without sacrificing substantial usable upland area
Description
Positioned at the southwest corner of U.S. Highway 331 South and Sweetwater Lane, this 5.99± acre waterfront development site offers a rare combination of highway exposure, corner visibility and navigable water frontage. The property is located approximately one-half mile north of the U.S. 331 Bridge and just one-half mile south of the new Walmart development, placing it directly along the primary corridor connecting rapidly growing Freeport with South Walton. As development pressures and land values continue to push north from the high-cost South Walton corridor, this location offers an opportunity to capture the accessibility, customer base and growth associated with South Walton at a potentially more attractive development basis.
The assemblage features approximately 785 feet of frontage on U.S. 331 and 420 feet along Mallet Bayou, which borders the property to the south and provides navigable access through Choctawhatchee Bay to the Gulf of America. The waterfront creates an exceptional setting for hospitality, dining or boat-accessible restaurant uses, while the extensive highway frontage supports multiple retail, medical, financial and service-oriented development pads. Despite its waterfront setting, the vast majority of the property appears high and dry and is shown within Flood Zone X, allowing developers to capitalize on water views without sacrificing substantial usable upland area.
At the corner of US 331 South and Sweetwater Lane, one-half mile north of the 311 Bridge and one-half mile south of the new Walmart development. Navigable water borders the property to the south with Gulf access making a perfect backdrop for hospitality or boat-up restaurant uses. Despite its proximity to water, the vast majority of the property is high and dry.
