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    77 Xxx Hwy Chipley, FL 32428

    For Sale
    $799,999

    10.23 Acres, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 10.23-acre (445,619 sq ft) vacant commercial land parcel in Chipley, Florida, presents a unique investment opportunity. Located just south of I-10 on Hwy 77, this high-visibility site boasts an average daily traffic count of 8,100 vehicles (2022 DOT data). Its prime location offers easy access to local amenities including restaurants, shopping, and Wal-Mart, as well as recreational attractions such as Falling Waters State Park (2.2 miles) and Panama City Beaches (approximately 49 miles). Previous plans for the property included a 65-site RV park with amenities such as a pool, cabins, tent sites, a bathhouse, maintenance building, and an office with check-in area. However, the possibilities are limitless; this expansive lot provides ample space for a wide range of commercial developments, allowing for customization to suit individual business aspirations. The property is zoned for commercial use (verification required by buyer). This is a rare chance to acquire a significant commercial land holding in a rapidly growing area with excellent visibility and convenient access to major transportation routes and local attractions. The asking price is $799,999. The property is located at XXX Hwy 77, Chipley, FL 32428.

    Property Features for 77 Xxx Hwy

    General Information

    Property type
    Land

    HighLights

    • $799,999 asking price.
    • 10.23‑acre vacant land parcel.
    • Located in Chipley, FL, on Hwy 77, just south of I‑10.
    • 445,619 square feet lot size.
    • High visibility location with 8,100 average daily traffic count (2022 DOT data).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chipley
    County
    Washington
    State
    Florida
    Longitude
    -85.5943998
    Latitude
    30.6229039

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    FAQs

    What type of property is this?
    Land - 10.23 Acres, High Visibility
    Where is this land located?
    The property is located at 77 Xxx Hwy Chipley, FL.
    What is the asking price?
    The asking price for this property is $799,999.
    What are key features of this property?
    This property features: $799,999 asking price.; 10.23-acre vacant land parcel.; Located in Chipley, FL, on Hwy 77, just south of I-10.
    Request Owner's contact information
    77 Xxx Hwy 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
    77 Xxx Hwy Chipley, FL 32428
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