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    1204 Waukesha St Bonifay, FL 32425

    For Sale
    $650,000

    6 Acres, Hwy 79 Frontage, High Potential

    Property size:
    1,619 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 6.28-acre commercial property boasts an unparalleled location on Highway 79, a major thoroughfare leading to Panama City Beach. The property offers approximately 535 feet of prime highway frontage, ensuring high visibility and accessibility for any commercial venture. Currently featuring a brick home, suitable for rental income generation, this versatile site presents numerous development possibilities. The existing structure provides immediate return on investment while offering flexibility for future expansion. The expansive acreage allows for the construction of multiple housing units, catering to the growing demand for residential options in the area. This presents a unique opportunity to capitalize on both residential and commercial markets. The property's strategic location and substantial size make it an ideal investment for developers, entrepreneurs, or investors seeking a high-return opportunity. The seller is open to owner financing with a 40% down payment, making this attractive property even more accessible. The 1,619 square foot brick home offers immediate income potential, while the vast land provides ample space for future development. Don't miss this chance to acquire a significant piece of Bonifay real estate with exceptional growth potential. The property is situated in Bonifay, Florida, at 1204 N Waukesha Street.

    Property Features for 1204 Waukesha St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,619 SF
    Lot Size
    273,557 SF

    Building Details

    Year Built
    1968
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonifay
    County
    Holmes
    State
    Florida
    Longitude
    -85.67753
    Latitude
    30.80472

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    FAQs

    What type of property is this?
    Commercial real estate - 6 Acres, Hwy 79 Frontage, High Potential
    Where is this commercial real estate located?
    The property is located at 1204 Waukesha St Bonifay, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    (850) 547-5357
    Request Owner's contact information
    1204 Waukesha St 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
    1204 Waukesha St Bonifay, FL 32425
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