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    8 Gap Blvd Chipley, FL 32428

    For Sale
    $65,000

    Prime Commercial Lot, Sunny Hills District

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 0.57-acre commercial lot, located at 8 GAP Boulevard in Chipley, Florida, presents a unique investment opportunity. Priced at $65,000, this property boasts a 24,829 square foot lot size and benefits from a recent Washington County ordinance allowing on-premises alcohol sales in a state-licensed restaurant, subject to existing Unit Four deed restrictions. The property's strategic location offers convenient access to key transportation routes, including proximity to the new Northwest Florida Beaches International Airport (approximately 25 miles away). A commercial alley at the rear of the property provides easy access for deliveries and shipping, enhancing its operational efficiency. The lot is situated in the Sunny Hills commercial district, offering excellent visibility and potential for high foot traffic. For those seeking expansion, an adjacent lot (MLS# 505086) is also available for purchase, increasing the total acreage to 1.14 acres. Recreational amenities are also nearby, with Gap Lake boat launch ramp and county pavilion just 0.7 miles away. The 2024 property taxes are $106.28, which includes a $9.70 MSBU annual assessment. This property is subject to Sunny Hills Unit 4 deed restrictions. This is a rare opportunity to acquire a well-positioned commercial lot with significant potential in a growing area.

    Property Features for 8 Gap Blvd

    General Information

    Property type
    Specialty properties

    HighLights

    • 0.57‑acre commercial lot in Chipley, FL, priced at $65,000.
    • 24,829 square foot lot with convenient access to transportation routes, including proximity to Northwest Florida Beaches International Airport (approx. 25 miles).
    • Allows on‑premises alcohol sales (subject to Unit Four deed restrictions and state licensing).
    • Features rear alley access for deliveries.
    • Located in Sunny Hills commercial district with high visibility and potential for foot traffic.
    • Adjacent lot available (MLS# 505086), expanding potential to 1.14 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chipley
    County
    Washington
    State
    Florida
    Longitude
    -85.5642124
    Latitude
    30.5421533

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    FAQs

    What type of property is this?
    Specialty property - Prime Commercial Lot, Sunny Hills District
    Where is this specialty property located?
    The property is located at 8 Gap Blvd Chipley, FL.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: 0.57-acre commercial lot in Chipley, FL, priced at $65,000.; 24,829 square foot lot with convenient access to transportation routes, including proximity to Northwest Florida Beaches International Airport (approx. 25 miles).; Allows on-premises alcohol sales (subject to Unit Four deed restrictions and state licensing).
    Request Owner's contact information
    8 Gap Blvd 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
    8 Gap Blvd Chipley, FL 32428
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