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    1170 Highway 79 Bonifay, FL 32425

    For Sale
    $109,900

    Profitable Storage Units, Expansion Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional investment opportunity presents a well-established storage facility located at 1170 Hwy 79 North, Bonifay, Florida. The property encompasses a sizable 0.69-acre lot and features two existing buildings, each housing ten individual 10'x10' storage units, totaling twenty units currently in operation. This translates to a readily generating income stream for the astute investor. The property's significant advantage lies in its considerable undeveloped land, offering substantial potential for future expansion. Additional storage units can be easily constructed on the remaining acreage, significantly increasing rental income and overall property value. The property is conveniently situated on Highway 79 North in Bonifay, providing excellent visibility and accessibility for both tenants and potential future expansion projects. This turnkey operation presents a rare chance to acquire a profitable, established business with significant upside potential for growth and increased revenue. The asking price of $109,900 makes this an attractive investment opportunity in the thriving Bonifay market. The existing infrastructure provides a solid foundation for immediate returns, while the expansion potential ensures long-term growth and profitability. This is an ideal acquisition for investors seeking a stable income stream with significant room for future development. Serious inquiries are encouraged.

    Property Features for 1170 Highway 79

    General Information

    Property type
    Other commercial real estate
    Lot Size
    30,056 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Auto Parts Store Accounting Firm Convenience Store Pawn Shop Smoke and Vape Shop Wine and Liquor Store Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonifay
    County
    Holmes
    State
    Florida
    Longitude
    -85.64696
    Latitude
    30.96712

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    FAQs

    What type of property is this?
    Commercial real estate - Profitable Storage Units, Expansion Potential
    Where is this commercial real estate located?
    The property is located at 1170 Highway 79 Bonifay, FL.
    What is the asking price?
    The asking price for this property is $109,900.
    (850) 951-4899
    Request Owner's contact information
    1170 Highway 79 Bonifay, FL 32425
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    Bonifay, FL 32425
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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
    1170 Highway 79 Bonifay, FL 32425
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