For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $460,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 991281
Sold Date 07/01/26
Lot Dimensions 80x200
Source Emerald Coast Association of REALTORS®
Property Description
Reduced! Bring offers! Outstanding opportunity to acquire a well-located, income-producing commercial property on South U.S. Highway 331 in DeFuniak Springs. This solid metal/brick building, constructed in 1991 and thoughtfully upgraded within the last year, offers both immediate cash flow and long-term potential.Situated on a 0.29-acre lot (just under one-third of an acre), the property features approximately 1,300 square feet of heated and cooled space. Recent improvements include all new interior upgrades, providing a refreshed, professional space with minimized near-term capital needs.The property is currently leased to a well-established accounting firm, providing consistent rental income. The tenant has been in place for many years, currently paying $2,000 per month. The existing lease runs through April 30, 2026, offering stable income with the flexibility to renegotiate or reposition the asset upon lease expiration.The property is ideal for investors seeking a solid income-producing asset in a high-traffic location, or for buyers considering future owner-occupancy once the current lease term concludes. With durable construction, recent improvements, and strong visibility on a key commercial corridor, this offering delivers both quality and value.
=Í Property Features & Highlights
873 S. US Highway 331, DeFuniak Springs, FL
Approx. 1,300 SF heated & cooled
0.29-acre lot
Solid block construction
New roof & interior upgrades (within last year)
Long-term tenant in place
$2,000/month current rent
Lease expires April 30, 2026
Excellent cash-flow opportunity with future flexibility
Location
State FL
County Walton
Area 23 - North Walton County
Zoning Commercial
Direction GPS ACCURATE, HWY. 331 Across street from Chevy dealer and North of Pizza Hut.
Exterior
Garage No
Building
Faces GPS ACCURATE, HWY. 331 Across street from Chevy dealer and North of Pizza Hut.
New Construction No
Others
Pets Allowed No
Tax ID 25-3N-19-19330-000-0061
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

Nearby Locations
GET MORE INFORMATION




