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    9 Gap Blvd Chipley, FL 32428

    For Sale
    $65,000

    Prime Sunny Hills location, 24,829 sq ft lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial lot, located at 9 GAP Boulevard in Chipley, Florida, presents a unique investment opportunity. Spanning 24,829 square feet, this property is situated in the Sunny Hills commercial district and benefits from a convenient commercial alley at the rear, ideal for deliveries and shipping. The property is subject to Unit Four deed restrictions, readily available for review in the provided documentation. A significant advantage is the proximity to Gap Lake, with a boat launch ramp just 0.7 miles away. Furthermore, the recent Washington County ordinance permitting alcohol sales in state-licensed restaurants adds considerable potential for various commercial ventures. The lot's zoning allows for both commercial and multi-family development, offering flexibility for diverse investment strategies. This property is conveniently located approximately 25 miles from the new Northwest Florida Beaches International Airport. An adjacent lot (MLS# 505083), also owned by the seller, is available for purchase, expanding the total acreage to 1.14 acres. Annual property taxes are $106.28, inclusive of a $9.70 MSBU annual assessment. This presents a compelling opportunity for investors seeking a strategically located commercial property in a growing area.

    Property Features for 9 Gap Blvd

    General Information

    Property type
    Specialty properties

    HighLights

    • 24,829 SF commercial lot in Chipley, FL's Sunny Hills district.
    • Rear alley access ideal for deliveries.
    • Subject to Unit Four deed restrictions (available upon request).
    • 0.7 miles from Gap Lake boat ramp.
    • Zoned for commercial and multi‑family use.
    • ~25 miles from Northwest Florida Beaches International Airport.
    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 Sunny Hills location, 24,829 sq ft lot.
    Where is this specialty property located?
    The property is located at 9 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: 24,829 SF commercial lot in Chipley, FL's Sunny Hills district.; Rear alley access ideal for deliveries.; Subject to Unit Four deed restrictions (available upon request).
    Request Owner's contact information
    9 Gap Blvd 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
    9 Gap Blvd Chipley, FL 32428
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