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    129 Waukesha St Bonifay, FL 32425

    For Sale
    $169,000

    High-traffic location, 2,880 sq ft, $169,000

    Property size:
    2,880 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a 2,880 square foot, two-story commercial building situated on Highway 79 in Bonifay, Florida, offering high visibility and direct access to Panama City Beach. Built in 1900, the property sits on a 3,049.2 square foot lot and features a newer metal roof. The ground floor has served as a feed store for many years, while the upper level, accessible via a separate entrance, previously functioned as a bookstore and reading room. Adding to the income potential is a newer 24' x 48' metal storage building currently leased on a month-to-month basis. While some repairs are needed, the property's prime location on a busy highway presents significant upside. The building's layout allows for flexibility, potentially accommodating three separate rental spaces, maximizing rental income. This property offers a unique blend of history and potential, making it an ideal investment for those seeking a high-traffic location with diverse income streams. The asking price is $169,000. Don't miss this chance to own a piece of Bonifay's commercial landscape.

    Property Features for 129 Waukesha St

    General Information

    Property type
    Specialty properties
    Square Feet
    2,880 SF

    Building Details

    Year Built
    1900

    HighLights

    • 2,880 SF two‑story commercial building on Highway 79 in Bonifay, FL.
    • High‑visibility location with direct access to Panama City Beach.
    • Sits on a 3,049.2 SF lot with a newer metal roof.
    • Features a ground floor (former feed store) and upper level (former bookstore/reading room).
    • Includes a 24' x 48' metal storage building (month‑to‑month lease).
    • $169,000 asking price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonifay
    County
    Holmes
    State
    Florida
    Longitude
    -85.6799604
    Latitude
    30.7910932

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    FAQs

    What type of property is this?
    Specialty property - High-traffic location, 2,880 sq ft, $169,000
    Where is this specialty property located?
    The property is located at 129 Waukesha St Bonifay, FL.
    What is the asking price?
    The asking price for this property is $169,000.
    What are key features of this property?
    This property features: 2,880 SF two-story commercial building on Highway 79 in Bonifay, FL.; High-visibility location with direct access to Panama City Beach.; Sits on a 3,049.2 SF lot with a newer metal roof.
    Request Owner's contact information
    129 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
    129 Waukesha St Bonifay, FL 32425
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