Premier Commercial Flex Development Opportunity Bay Grove Commercial Project Highway 331 | Freeport, Florida Listing Price: $5,500,000 Shovel-Ready Commercial Development with Approved Development Order An exceptional opportunity to acquire a 5.1-acre commercial development site in one of the fastest-growing commercial corridors along Florida's Emerald Coast. The Bay Grove Commercial Project includes a fully approved Development Order for 50,625 square feet of Commercial Flex Space, allowing a purchaser to bypass the lengthy entitlement process and move directly toward construction. Unlike raw land, this offering provides a fully entitled, construction-ready project with a significantly accelerated timeline to development. Property Highlights • 5.1 Acres of prime commercial land • Fully Approved Development Order for 50,625 SF of Commercial Flex Space • Approved for 25 Commercial Flex Units • 147 Parking Spaces • Dedicated Northbound & Southbound Turn Lanes • Corner Lot with exceptional visibility • Approximately 34,000 Average Daily Vehicles (AADT) • Ample room for contractor storage and laydown yard • Complete engineering, site planning, and development approvals included • Construction-ready project with reduced entitlement risk Positioned in Northwest Florida's Fastest-Growing Commercial Corridor The Bay Grove Commercial Project is strategically located in the heart of one of Northwest Florida's most active commercial growth areas. Within approximately three miles, nationally recognized retailers and hospitality brands are investing heavily in the immediate market, including: • Walmart Supercenter • Aldi • Wawa • Chick-fil-A • Two nationally branded hotels These developments are transforming the Highway 331 corridor into the primary commercial hub serving Freeport, South Walton County, and the thousands of residents and visitors traveling between Interstate 10 and Florida's Emerald Coast beaches. The continued investment by these nationally recognized companies reinforces the long-term strength of the market while creating increasing demand for commercial flex space, contractor services, distribution, and business support operations. Why Commercial Flex? Commercial flex space continues to be one of the strongest-performing commercial asset classes due to its versatility and broad tenant appeal. The project has been designed to accommodate a wide variety of businesses, including: • Contractors • Building Supply Companies • HVAC • Plumbing • Electrical • Marine Service Companies • Distribution & Logistics • E-Commerce Operations • Professional Service Businesses • Light Industrial Users The combination of flexible unit sizes, abundant parking, excellent highway access, and room for operational storage creates an attractive environment for long-term occupancy and sustained demand. Time Is Money The most challenging phase of the development process has already been completed. The approved Development Order allows a purchaser to avoid the lengthy entitlement process and move directly toward permitting and construction. This significantly reduces development risk while accelerating the timeline to revenue generation compared to acquiring raw commercial land. Location Advantages • Prime U.S. Highway 331 frontage • Highly visible corner location • Dedicated northbound and southbound turn lanes • Approximately 34,000 Average Daily Vehicles • Minutes from Highway 20 • Approximately 2.8 miles from the new Walmart Supercenter • Surrounded by rapidly expanding residential communities • Located within one of Florida's fastest-growing commercial markets Ideal For • Commercial Developers • Private Equity Groups • REITs • Family Offices • 1031 Exchange Buyers • Institutional Investors • Commercial Flex Developers • Owner-Users seeking a headquarters with laydown yard capability A Rare Investment Opportunity Fully entitled commercial development sites of this caliber are becoming increasingly scarce throughout Walton County. With an approved Development Order, premium Highway 331 frontage, dedicated northbound and southbound turn lanes, a highly visible corner location, 147 parking spaces, and proximity to major national retailers, the Bay Grove Commercial Project offers a unique opportunity to accelerate development in one of the Emerald Coast's strongest growth markets. Listing Price: $5,500,000 Acquire today. Build tomorrow. Capitalize on the continued growth of the Highway 331 corridor.