Established Restaurant with Multiple
For Sale
$350,000
Pending
5163 Highway 77, Chipley, FL 32428
Family-owned restaurant with diverse income streams on Highway 77.
Property Size2,682 SF
Lot Size1.03 Acres
Days on Market208
Property Features for 5163 Highway 77
General Information
Standard status
Pending
Size
2,682 SF
Lot size
1.03 Acres
Property subtype
Commercial
Amenities
Central air
Metal Roof
CeilingFans Cooling
Central Heating
Concrete Flooring
Electric Heating
Level
Building Details
Year Built
2016
Listing Agency:
COUNTS REAL ESTATE GROUP
(850) 248-3615
Listed By:
HARVEY B WEBB · License #3290471
(205) 746-8518
Source:
Corcoran
Added: Feb 8
Changed: Aug 8
Last Checked: Jul 23 at 9:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COUNTS REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This family-owned restaurant, known as Gigi's, offers country cooking in a friendly atmosphere. Situated on Highway 77, it features a beer and wine license, along with multiple income streams, including a U-Haul rental location, Florida Lotto sales, a retail convenience area, and consignment items from local vendors. The property also includes a bar area equipped with a big screen TV for sports viewing. Included in the sale are a 9x6 walk-in cooler, all freezers and refrigerators, and modern kitchen equipment, plus tables, chairs, bar stools, and booths. There are two coolers and five freezers on site. Two storage buildings located outside will remain with the property. The site is serviced by Sunny Hills water, costing approximately $150 monthly, a private septic system, and a grease trap. Parking is available with approximately 26 spaces. The kitchen is equipped with a tankless water heater, while the bathrooms have a traditional electric water heater. New construction homes in the neighboring Sunny Hills area are selling quickly, potentially increasing the customer base and traffic along Highway 77.
Key Highlights
- Multiple income streams: restaurant, U‑Haul rental, Florida Lotto, retail convenience, and consignment items.
- Includes all restaurant equipment: walk‑in cooler, freezers, refrigerators, modern kitchen equipment, tables, chairs, bar stools, and booths.
- Located on Highway 77 with high visibility and traffic.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
U-Haul
Shops & Services
1,947 visits/mo
0.3 miles
Demographics for 32428, FL
17,946
Population
7,475
Households
2.4
Avg Household Size
42
Median Age
13%
College-Educated
83%
High-School Grad
285.9 sq mi
ZIP Area
63
Density / Sq Mi
$52,234
Median Household Income
$34,395
Median Earnings
$896
Median Rent
$157,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Family-owned restaurant with diverse income streams on Highway 77.
Where is this conventional restaurant located?
The property is located at 5163 Highway 77 Chipley, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Multiple income streams: restaurant, U‑Haul rental, Florida Lotto, retail convenience, and consignment items.; Includes all restaurant equipment: walk‑in cooler, freezers, refrigerators, modern kitchen equipment, tables, chairs, bar stools, and booths.; Located on Highway 77 with high visibility and traffic.
