0 South Drive, FL 32433 — MLS photo

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0 South Drive, FL 32433

Active · Retail

$350,000

0 South Drive, FL 32433

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1985
Lot size
11,761 sq ft
HOA fee
—
Annual tax
$2,705

About this property

An exceptional opportunity to acquire a ±0.27-acre (±11,761 SF) vacant commercial outparcel situated along the primary retail corridor of South US Highway 331 in DeFuniak Springs, Walton County, Florida. This pad ready site is ideally positioned within an established neighborhood shopping center anchored by Dollar General, Dollar Tree, T-Mobile, and Pizza Hut. Additionally, it sits within immediate proximity to both Walmart and Aldi. The parcel carries a flexible dual zoning designation permitting all uses allowed under both C-1 (Corridor Commercial) and C-2 (General Commercial) classifications, including the right to establish a drive through operation. This combination of broad permitted uses, a highly trafficked US Highway 331 address creates a compelling opportunity.

Property location

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0 South Drive, FL 32433

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Facts & features

Interior

Bathrooms
0
Cooling
None
Heating
None

Exterior & Structure

Property type
Retail
Year built
1985
Stories
1
Lot size
11,761 sq ft
Roof
Other
Construction
Other
Exterior features
None

Parking

Covered spaces
0
Parking features
Common, Free Parking

HOA, Community & Financials

Annual tax
$2,705
County
Walton
Days on market
151
MLS listing ID
B26031484
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$356

Cap rate
4.5%
Net yield
4.5%
Cash-on-cash return
-4.4%
Gross yield
6.6%
Mortgage payment
$1,659/mo
Down payment
$87,500
Loan amount
$262,500
Annual NOI
$15,635

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.