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About This Home

This 0-bedroom, 0-bathroom condo at 873 US HWY 331 in Defuniak Springs, FL is listed for $485,000. on a N/A lot.

Agent 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 u

nder 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. =I 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

Monthly Cost Estimate

$2,594/mo

20% down · 6.5% · 30 years

Principal$351
Interest$2,102
Insurance$141

Estimates only. Actual payments may vary.

Location

873 US HWY 331

Defuniak Springs, FL 32435

Questions & Answers

This 0-bedroom, 0-bathroom condo at 873 US HWY 331 is listed at $485,000. The estimated monthly payment is $2,102 based on 20% down at 6.5% interest.

This property is listed by Elizabeth L Brannon and can be reached at 8505858016 or sold@elizabethbrannon.com.

EB

Elizabeth L Brannon

Agent at Brannon Real Estate Services

(850) 585-8016

Listed by Brannon Real Estate Services

MLS# 991281· Source: listhub· Updated 168 days ago

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

873 US HWY 331, Defuniak Springs, FL 32435

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