11.36 ACRES DEVELOPMEMT SITE IN BAY SPRINGS
Land | 11.36 acres
Marketing description
**Bay Springs Development** is a prime 11.36-acre investment opportunity located in DeFuniak Springs, FL. This property boasts 8.67 acres of uplands, including a parcel with highway visibility on US HWY 331, in an area poised for growth. Adjacent to well-known retailers like Tractor Supply and with HCA and Marriott developments underway in the vicinity, it's a strategic location for a variety of ventures. The site offers cleared and graded dirt with utilities stubbed out, making it pad-ready for development. Notably, Lennar Homes is currently building 127 single-family homes in Phase I, 106 in Phase II, and earmarked 118 townhomes for their Bay Springs project. Additional builders have 170+ lots available for development in Phase III & IV. Priced at $4,515,000, this property presents an enticing opportunity in a tax-free income state. Ideal for investors looking to capitalize on the expanding market of DeFuniak Springs.
Investment highlights
•11.36 Acres | 8.67 Acres Uplands | Includes Parcel with Sign on Hwy 331
•Adjacent to Tractor Supply
•HCA Coming to DeFuniak Springs (See Page 12)
•Marriot Coming to DeFuniak Springs (See Page 12)
•National Retailers in the Immediate Area Include: Walmart, Lowe’s, Tractor Supply, McDonald’s, Chick-Fil-A, Del Taco, Wendy’s, Starbucks, Whataburger, KFC, Zaxby’s & More
•Property Delivered Cleared and Grubbed aka Graded Dirt, Utilities Stubbed out / pad Ready
•Lennar Homes is Building 127 Single Family Homes in Phase I, 106 Single Family Homes in Phase II, and 118 Townhomes in Bay Springs. Phase III & Phase IV will have 170+ Lots For Additional Home Builders
•Florida is an Income Tax Free State
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