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$460,000
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Property Description
Reduced! Bring offers! Outstanding opportunity to acquire a well-located, income-producing commercial property on South U.S. Highway 331 in DeFuniak Springs. This solid metal/brick building, constructed in 1991 and thoughtfully upgraded within the last year, offers both immediate cash flow and long-term potential.Situated on a 0.29-acre lot (just under one-third of an acre), the property features approximately 1,300 square feet of heated and cooled space. Recent improvements include all new interior upgrades, providing a refreshed, professional space with minimized near-term capital needs.The property is currently leased to a well-established accounting firm, providing consistent rental income. The tenant has been in place for many years, currently paying $2,000 per month. The existing lease runs through April 30, 2026, offering stable income with the flexibility to renegotiate or reposition the asset upon lease expiration.The property is ideal for investors seeking a solid income-producing asset in a high-traffic location, or for buyers considering future owner-occupancy once the current lease term concludes. With durable construction, recent improvements, and strong visibility on a key commercial corridor, this offering delivers both quality and value. =Ã Property Features & Highlights 873 S. US Highway 331, DeFuniak Springs, FL Approx. 1,300 SF heated & cooled 0.29-acre lot Solid block construction New roof & interior upgrades (within last year) Long-term tenant in place $2,000/month current rent Lease expires April 30, 2026 Excellent cash-flow opportunity with future flexibility
Full Property Details
Full Property Details for 873 US Hwy 331
General
- Sold For: $460,000
- Status: Closed
- Type: Commercial
- Source: Emerald_Coast
- MLS ID: 991281
- Added to Site: 3 day(s) ago
Location
- Area: 23 - North Walton County
- County: Walton
- Driving Directions: GPS ACCURATE, HWY. 331 Across street from Chevy dealer and North of Pizza Hut.
Lot Features
- Lot Dimensions: 80 x 200
- Zoning: Commercial
Disclosures and Reports
- Legal Description: Resurvey of lots 6, 7, 8, 9, run N 65 ft, run N 89 Deg, see deed book/page for full legal description 3145/4706
- APN: 25-3N-19-19330-000-0061
- Property ID: 25-3N-19-19330-000-0061
Listed and Sold by Brannon Real Estate Services
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Schools
Schools serving 873 US Hwy 331
School District:Walton County School District
| Name | Grades | Distance |
|---|---|---|
West Defuniak Elementary School 815 Lincoln Avenue, DeFuniak Springs, FL 32435 | K-5 | 1.3 mi |
Maude Saunders Elementary School 416 John Baldwin Road, DeFuniak Springs, FL 32433 | K-5 | 2.7 mi |
Walton Middle School 605 Bruce Avenue, DeFuniak Springs, FL 32435 | 6-8 | 0.7 mi |
Walton High School 449 Walton Road, DeFuniak Springs, FL 32433 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 873 US Hwy 331
Date
Details
Price
Change
Source
7/01/2026
Sold
$460,000
-5.15%
MLS
5/14/2026
Price Reduced
$485,000
-25.27%
MLS
12/15/2025
Listed
$649,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
873 US Hwy 331, Defuniak Springs, FL 32435 (MLS# 991281) is a Commercial property that was sold at $460,000 on July 01, 2026. Want to learn more about 873 US Hwy 331? Do you have questions about finding other Commercial real estate for sale in Defuniak Springs? You can browse all Defuniak Springs real estate or contact a Coldwell Banker agent to request more information.

