Freeport, FL – Vacant Land€¦ · Freeport, FL – Vacant Land NRT Coldwell Banker Commercial...

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Freeport, FL – Vacant Land NRT Coldwell Banker Commercial NRT Greg Clauson Judy Sheridan 850-3767289 555-555-5552 [email protected] [email protected] 4458 Legendary Drive, Suite 100 Destin, FL. 32541 PREPARED BY: CBCWorldwide.com FOR SALE 1452 Hwy 20 Freeport, FL. 32439

Transcript of Freeport, FL – Vacant Land€¦ · Freeport, FL – Vacant Land NRT Coldwell Banker Commercial...

Page 1: Freeport, FL – Vacant Land€¦ · Freeport, FL – Vacant Land NRT Coldwell Banker Commercial NRT Greg Clauson Judy Sheridan 850-3767289 555-555-5552 gregclauson@icloud.com bdoe@cbcworldwide.com

Freeport, FL – Vacant Land

NRT

Coldwell Banker Commercial NRT Greg Clauson Judy Sheridan 850-3767289 555-555-5552 [email protected] [email protected] 4458 Legendary Drive, Suite 100 Destin, FL. 32541

PREPARED BY:

CBCWorldwide.com

FOR SALE 1452 Hwy 20 Freeport, FL. 32439

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NRT VACANT LAND – FREEPORT, FL

CBCWorldwide.com

THE PROPERTY 1452 Highway 20

Freeport, FL

EXECUTIVE SUMMARY

Property Type: Land

Hwy Frontage: 460 FF

Avg Depth:: 1,160 (?)

Land: 15 Acres

Current Use: Vacant Land

Zoning FLUM Commercial

Current Zoning R-3: 3 story limitation

HBU: Multi-family Development

PROPERTY SPECIFICATIONS

PRICE

INVESTMENT HIGHLIGHTS

LOCATION HIGHLIGHTS

• High barrier to entry, • High demand for multi-family product, • Seller willing to provide structured financing to

qualified buyers centered around a “take down” schedule,

• Potential tax incentives for workforce housing.

• Easy Access from Highway 20, which provides for

direct ingress/egress to the major North/South

artery, Highway 331.

• Directly adjacent to the most successful single

family residential development in the area

Sale Price $2,000,000

Class: Vacant Land

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PROPERTY OVERVIEW

PROPERTY PHOTOS

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NRT VACANT LAND – FREEPORT, FL

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Parcel ID(S)

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NRT VACANT LAND – FREEPORT, FL

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Proposed Site Plan For Multi-Family Development

Future Land Use” MU

Number of Proposed Units: 152

Building Height: 35’

Building Pads: 95’ x 85’ (Proposed Typical)

Flood Zone: X

Parking Required: 304

Parking Proposed: 451

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NRT VACANT LAND – FREEPORT, FL

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Second Proposed Site Plan - Condo

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NRT VACANT LAND – FREEPORT, FL

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AREA INFORMATION

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History

ORIGIN OF THE NAME “FREEPORT” Freeport was first known as Genoa and later Four Mile Landing. During the Civil War, Four Mile Landing began to be referred to as Freeport, literally because there was no charge to dock at the port area at the junction of Four Mile Creek and LaFayette Creek. Another locally circulated story is that at some point in that time period, an unclaimed shipment of wine was discovered in the port area and everyone in the area was encouraged to come have a little “free port”! FIRST SETTLERS Freeport remains home for many the founding families who first settled in this area. In the 1850 census, most of the heads of house were listed as farmer/boatmen. Many of the residents farmed their land and fished in the downtime or worked the commercial fishing boats/cargo vessels. The farmers traded their farm produce and livestock for other items they could not grow or make themselves. A goodly number of folk migrated to the area with the establishment of the lumber mills. The various landings were named for the families that settled along LaGrange Bayou, Four Mile Creek, Black Creek and the Choctawhatchee River. INDUSTRY, PAST AND PRESENT For many years, Freeport, with its steamboat and schooner connections to Pensacola, and up the

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Choctawhatchee River to Geneva, Alabama was the commercial and political hub of Walton County. The first mail delivered in the county came by water from Pensacola to Freeport and an overland stagecoach route from Tallahassee connected with steamboat service near Freeport. Most of the goods ordered from Pensacola were freighted from Freeport by commercially operated wagon trains which followed the route leading northeast from Freeport through the Euchee Valley to the town of Cerro Gordo on the Choctawhatchee River above Westville. Following Reconstruction (post-Civil War), the lumbering and naval stores industries became important. Mills were built along waterways as they had to depend on water transportation. In 1918, the Valparaiso Development Company purchased land at Freeport for the North and South Farms, planted sugar cane and shipped to Chicago. Today, the Gulfstream Ship Building and Murphy USA dominate the original port area at the juncture of Four Mile Creek and LaFayette Creek at the head of LaGrange Bayou. A number of residents work at Eglin Air Force Base, as military personnel, contractors or civil service, but the lions share work south of the Bay in South Walton County is either in county employment, construction, or in one of the service industries associated with the tourist trade of that area (real estate, hotels, restaurants, retail, etc.) Freeport is literally the crossroads between North and South Walton County. It is advantageously situated and within driving proximity to Tallahassee, Pensacola, Montgomery, Ft. Walton Beach, and Panama City. It is within an hour of the Northwest Florida Regional Airport, the NWFL Beaches International Regional Airport, the Destin Municipal Airport and the DeFuniak Springs Municipal Airport. It is a half-hour drive from the beaches and golf courses of South Walton. Freeport is a proud cooperative neighbor of Eglin Air Force Base which borders the city limits. Freeport is a progressive small city on the verge of significant growth.

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NRT VACANT LAND – FREEPORT, FL

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County - Walton

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QUALITY OF LIFE

Housing From historic neighborhoods and secluded rural living to a view of the beach and the golf course, Walton County has it all. Historic homes in small cities provide access to all necessities and a casual pace of life. Planned communities have proliferated, many with views of the Gulf or Chocktawhatchee Bay and often featuring elaborate recreational facilities, bike paths and nature trails. Large acreage lots in the County's rural areas are tailor made for residents with horses. The unique communities along beachside Scenic Highway 30-A are like none other and are often cited as milestones of architecture and conservation. Recreation The sugary white sands and turquoise waters number Walton County's coastline among the world's most beautiful beaches. The Gulf, the Bay and numerous lakes and waterways provide opportunities for swimming, snorkeling, fishing, kayaking, canoeing and boating. The coastal dune lakes along Highway 30-A are matched only by similar water bodies in Australia, New Zealand, Africa and Oregon, making them a rare phenomenon, worthy of discovery and exploration.

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Parks Six state parks feature miles of forest trails. Sports Tennis and golf are favorite pastimes in Walton County. Tennis players can enjoy clay or traditional hard surfaces for their matches, including two dedicated tennis resorts. Golf facilities cater to players of all skill levels, with some of the finest courses anywhere on the Gulf Coast. Youth athletic programs flourish in Walton County, with several outstanding facilities catering to both local and traveling teams. Their activities are supported by a wonderful mild climate that nurtures year-round outdoor play. Arts Lovers of the visual and performing arts have endless opportunities in Walton County. Annual special events celebrate painting, photography and sculpture. The Walton County Tourist Development Council works continuously with community groups to advance local arts programs. The County is also home to a wide range of performing arts such as theater and outdoor concerts. Dining With friendly, family-owned restaurants that are some of the most highly regarded in all of Florida, a great meal is never far away in Walton County. The area boasts an AAA Four Diamond winner, along with six establishments that were ranked by Florida Trend Magazine among the top 500 in the state.

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FINANCING & INCENTIVES

Public entities ranging from the State of Florida to local municipalities partner with Walton County to provide incentive packages specifically crafted to meet the needs of expanding firms. Program offerings include tax credits, training assistance and grants. Please visit Enterprise Florida's website to learn more about incentives offered directly by the State. Enterprise Zones Walton is one of only three counties in Florida to offer three designated enterprise zones. All of them are considered rural in nature and hence can offer expanded benefits, including abatement of sales taxes on building equipment & fixtures, corporate income and sales tax credits for jobs created and selected property tax credits. Qualified Target Industry Program Firms doing business in any of six industry sectors may be eligible to receive corporate income, ad valorem and sales tax refunds. Rural Jobs Tax Credit Program Tax credits of up to $1500 per new employee USDA Energy Efficiency Grants For firms installing renewable energy systems, grants may be awarded for up to 25per cent of the energy system's cost.

(Contact listing agent for additional incentives offered by the State Of Florida.)

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NRT VACANT LAND – FREEPORT, FL

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Team Members

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NRT VACANT LAND – FREEPORT, FL

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CONTACT INFORMATION

For more information, please contact: Greg Clauson COLDWELL BANKER COMMERCIAL NRT 4458 Legendary Drive, Suite 100 Destin, FL 32541 Phone: (850) 650-4563 Mobile: (850) 376-7289 [email protected] Judy Sheridan COLDWELL BANKER Direct850-218-3030 ColdwellBankerResidentialRealEstate 4458LegendaryDr.,Suite100 Destin,Florida32541 Office850-650-4563 [email protected]

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NRT VACANT LAND – FREEPORT, FL

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CONFIDENTIALITY STATEMENT

This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the Seller. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent. Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing. The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.