19228 US-331, Freeport, FL 32439 - PenFed Realty Florida

$1,199,000

Investors what an opportunity ...Frontage on US HWY 331 with public water and sewer available in Freeport, one of the fastest growing areas in Florida. Current Rural Village zoning allows for many commercial business ventures including: Professional offices, restaurants, retail stores, medical offices, lodging, and several more options we… Read More can share with you. General Commercial zoning is an option if you choose to pursue it. This property includes three full lots with a 3 bedroom/2 Bathroom 2207 square foot brick home.(Potential Office Space) The interior offers a spacious kitchen, large flex space, tastefully updated bathrooms, tile and laminate flooring, and an amazing wood burning fireplace with an exterior load option. There is currently a 300 foot well and septic tank in place. Additionally, outside there is a covered patio, RV hanger, and greenhouse. The home also has a metal roof (20 years old), a tankless water heater (5 years old), and an HVAC (6 years old). The options for this property with its location in Freeport, and proximity to the bay make this a rare find! The city needs many businesses to support its incredible growth! As of 10/1/23, within the city limits of Freeport we have approx. 4,260 households (x 3 pph*) = 12,780; Residents just outside the city limits/within Freeport Service area; 4953 Households (x 3 pph*) = 14,859. All combined has the Total Freeport Community Population at 27,639. Notes from City of Freeport BIA meeting...*FDEP (person per household) multiplier: 3 We are not done yet!! There is much more to come... As of 10/1/23, there are 5,870 Single Family Residential Units approved*, 1,764 Multi-Family Residential Units approved*. This does not include the Master Planned Development units/square footage which has not yet been submitted for review. Approved development orders issues for 2024 include the following: -Custom Portable Buildings of the Panhandle -Old Miami Residences - 6 Townhome Units -Express Oil Change (5,673 sqft facility) -Chelco (28,638 sqft Operations & Service Center Facility & 1000 sqft Storage building) -Hwy 331 Retail Center (18,030 sqft retail, 7,727 sqft restaurant, 1,228 sqft outdoor seating, 2,155 sqft future drive-thru restaurant) -Bay-Kissed Holiday Interest - Vending permit for tree sales -Freeport Community Center (4,000 sqft) -Genoa Landing Phase I (68 Townhomes Units) -The Waters at Freeport Multi-Family Development (226 apts, 8,389 sqft of Clubhouse, 1,957 sqft pool, 1,200 sqft maintenance bldg) -Freeport of Florida POP (350 sqft Presence Facility for Uniti Fiber) 2024 Subdivision Record Plats: Single Family Owls Head Farms Phase 1-A (42 SF units) Single Family Owls Head Farms Phase 1-B (148 SF units) Read Less

Courtesy of Michelle E Thierwechter, Coldwell Banker Realty, 864-256-6341

Listing Snapshot

Days Online

721

Last Updated

Apr 28, 2026

Beds

Square Ft.

2,207

Lot Size

1.18 Acres

Year Built

1980

MLS Number

949219

Additional Details

Building

Architectural style: "Ranch", Total area: 2,207, Built in 1980

Interior Features

"Fireplace", "Split Bedroom", "Washer/Dryer Hookup"

Lot

1.18 acres, 51,401 square feet, Area: 1, "Level", "Survey Available"

Parking

"Converted Garage"

Taxes

Annual amount: $1,887

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