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    0000 Waukesha St Bonifay, FL 32425

    For Sale
    $1,250,000

    3 Acres, Prime Location, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3-acre parcel in Bonifay, Florida, presents a unique investment opportunity. Located at the highly visible southwest corner of Highways 79N and 177A, this property boasts over 400 feet of frontage on Highway 79N. Previously held off the market for an extended period, this land is now available for development. The property is zoned for mixed-use, allowing for both commercial and residential development, offering significant flexibility for various projects. The land itself is open, level, and ready for immediate construction. Its strategic location at a red-light intersection provides unparalleled visibility and accessibility, making it ideal for a wide range of businesses. The property's proximity to three feeder highways from surrounding towns ensures high traffic volume. This location is particularly attractive as the only undeveloped corner at this key intersection. The potential uses are numerous, ranging from a large-scale development such as an outdoor mall or shopping center, to smaller, individual parcels. The seller is open to considering various development scenarios. The asking price is $1,250,000, representing a price per acre of $417,000. This represents a significant opportunity to capitalize on the growth potential of this prime Bonifay location. The entire 7+ acre parcel is also available.

    Property Features for 0000 Waukesha St

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • Highly desirable 7+ acre corner lot, now free and clear of encumbrances, ready for immediate development.
    • Unique opportunity: only undeveloped corner at a major traffic intersection with three feeder highways.
    • Prime location for a variety of uses, including an outdoor mall, shopping center, or a multi‑parcel development.
    • Excellent visibility and accessibility, ideal for businesses catering to beach traffic from the Alabama state line.
    • Seller is highly motivated and flexible regarding terms.
    Property Profile 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 Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonifay
    County
    12059
    State
    Florida
    Longitude
    -85.678949855342
    Latitude
    30.802423302978

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    FAQs

    What type of property is this?
    Land - 3 Acres, Prime Location, High Visibility
    Where is this land located?
    The property is located at 0000 Waukesha St Bonifay, FL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Highly desirable 7+ acre corner lot, now free and clear of encumbrances, ready for immediate development.; Unique opportunity: only undeveloped corner at a major traffic intersection with three feeder highways.; Prime location for a variety of uses, including an outdoor mall, shopping center, or a multi-parcel development.
    Request Owner's contact information
    0000 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
    0000 Waukesha St Bonifay, FL 32425
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