1.2 Commercial Acres being entitled for retail development with direct access and visibility from Hwy331. This property is located less than .5 miles South of the intersection of Hwy20 and the city of Freeport, while less than a 1/4 mile South of the new Publix shopping center, Cefco C-Store, McDonald's, Banks, Car Wash, Taco Bell, Coffee Shops, DQ, Waffle House, Ace Hardware, and directly adjacent to the Builder's First Source supply shop with warehouses. The area is experiencing explosive growth in residential and commercial development with large subdivisions approved and under construction in each direction, not to mention the continued tourism growth of traffic flooding into to the South Walton beaches within 12miles to the South including Watercolor, Seaside, Grayton, Alys Beach, Watersound, and the Santa Rosa Beach market area. There is an almost 40 mile stretch between Panama City Beach and Destin along Hwy98 that is substantially under served due to the land restrictions, environmentally sensitive areas, and high costs in that beachfront district south of the bridge. The median income and per retail/qsr ticket prices are much higher than rural points to the north, creating a unique opportunity at the intersection of blue collar service and commercial providers, full time local area residents, and seasonal tourists.