Prime commercial location for development in Freeport. Highway 331 S is fast developing. It is the gateway to the beaches of Destin, 30A, and Panama City Beach. Zoned R3 which may include multi-family, hotels, self storage, etc. This site has a DO for a 84 unit hotel. Tap fees valued at $400,000 have been paid! Four+ acres measuring 210' x 840', located directly behind the new Publix Shopping Center. This property is also adjacent on the west side to the single family home development ''Lafayette Creek Landing''. Survey and environmental report located in documents tab. For contract purposes, the seller will allow 45 days due diligence, then closing within 15 days later. Seller is also willing to entertain a land lease. Buyer to verify all information.