Prime commercial opportunity in rapidly growing Freeport! This .44-acre parcel offers approximately 96 feet of highly visible frontage on busy Highway 331, a major corridor leading to the beaches of South Walton. Zoned commercial with survey available, this property is ready for development or investment. Located in a desirable X flood zone for added peace of mind. Excellent exposure, strong traffic counts averaging over 30,000 per day, and close proximity to the beaches, businesses, and expanding residential communities make this an ideal location for your commercial business. In addition, brand new approved development within 300 feet directly across the street on Hwy 331 will bring a multitude of commercial businesses in the near future including, but not limited to, hotels, restaurants, a storage facility, pickleball facility, multifamily residences, and a daycare. Don't miss this chance to secure a highly desirable commercial lot on Hwy 331 in one of Northwest Florida's fastest-growing areas. *Ordinance to change zoning to commercial was approved Jan. 2024 (on file).