857 Fl-20Freeport, FL 32439
- Retail properties
- 16,289 SF
Property Details for 857 Fl-20
- Year built
- 2023
- Property size (Sq ft)
- 16,289 SF
- Property type
- Retail properties
- Property subtype
- Lifestyle centers
Description
This exceptional 16,289 square foot shopping center in Freeport, Florida, presents a compelling investment opportunity. Built in 2023, the single-story plaza boasts a modern design and ample parking, strategically located approximately 1700 feet west of the intersection of Highways 331 and 20. The property features a strong tenant mix, including Pizza Hut and Tool Expo, with one vacant, readily adaptable space. The design optimizes traffic flow, providing convenient access to both the front and rear of each unit, including a separate rear warehouse currently occupied by Tool Expo. Excellent visibility and convenient ingress/egress further enhance the property's appeal. The asking price is $6,495,000, representing a price per square foot of $398.74 and a compelling 5.49% capitalization rate with a Net Operating Income (NOI) of $356,298. The property's APN is 14-1S-19-23000-012-0051. This is a prime retail investment in a rapidly growing market. Contact us for detailed financial information and to schedule a viewing.
Location Insight
- City
- Freeport
- County
- Walton
- State
- Florida
- Latitude
- 30.4922
- Longitude
- -86.1236
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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