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    3831 Highway 77 Chipley, FL 32428

    For Sale
    $349,999

    3-Acre Commercial Lot w/ Building & Shop

    Property size:
    864 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 3-acre commercial property in Chipley, Florida, presents a lucrative income-producing opportunity. Boasting approximately 384 feet of frontage on Highway 77, a road currently undergoing significant expansion, this location benefits from high visibility and substantial traffic. The Florida Department of Transportation reported an AADT of 5,300 vehicles in 2023. The property includes an 864-square-foot renovated block building currently operating as a one-bedroom, one-bathroom rental house. Also included is a substantial 3,000+ square-foot, three-bay garage featuring an office, two 11,000-pound capacity two-post lifts, an industrial air compressor, and a bathroom. A 50' x 25' pole barn adds further versatility. This rapidly developing area of Washington County sees numerous new homes under construction and many more planned in neighboring communities, along with other large-scale construction projects. The property's convenient location offers easy access to I-10 to the north and the Emerald Coast beaches to the south. The existing structures offer multiple possibilities, from a live-work arrangement to various commercial ventures. The ample space allows for expansion, additional construction, or utilization of the existing buildings for a diverse range of businesses. The potential for growth and diverse uses makes this a truly unique investment opportunity. Inquiries regarding adjacent parcels are welcome.

    Property Features for 3831 Highway 77

    General Information

    Property type
    Other commercial real estate
    Square Feet
    864 SF
    Lot Size
    130,680 SF

    Building Details

    Year Built
    1984
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Hotel & Motel Accounting Firm Computer & Electronic Repair Wine and Liquor Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chipley
    County
    Washington
    State
    Florida
    Longitude
    -85.59418
    Latitude
    30.61437

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    FAQs

    What type of property is this?
    Commercial real estate - 3-Acre Commercial Lot w/ Building & Shop
    Where is this commercial real estate located?
    The property is located at 3831 Highway 77 Chipley, FL.
    What is the asking price?
    The asking price for this property is $349,999.
    (850) 249-0313
    Request Owner's contact information
    3831 Highway 77 Chipley, FL 32428
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    Chipley, FL 32428
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3831 Highway 77 Chipley, FL 32428
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