66 FL-20

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66 FL-20

Freeport, FL 32439
Asking Price
$2.48M
Asset Type
Office
Class
Class B

What's Special

Located at 66 FL-20 in Freeport, Florida, this office property occupies a central position within a growing commercial corridor. The site is situated directly on Highway 20, providing high visibility and efficient connectivity to Highway 331, which links the Choctawhatchee Bay region to Interstate 10. The surrounding neighborhood features a mix of local retail centers, municipal offices, and residential developments. Nearby amenities include grocery stores, dining options, and professional services, catering to the daily needs of employees and visitors. The property is well-suited for professional services, administrative headquarters, or medical office use. Its layout and strategic regional access make it an ideal location for legal practices, real estate firms, or satellite corporate offices seeking a presence in the Florida Panhandle. Typical tenants would include established local businesses or regional service providers looking for proximity to both the residential growth in Freeport and the commercial activity of the Emerald Coast.

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NOI
$80,000
Cap Rate
3.22%
DSCR
0.54
Underwater
Cash-on-Cash
-9.05%
Monthly Payment
$12,289.477
Annual Cash Flow
$-67,473.72

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