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    116 Main St Bonifay, FL 32425

    For Sale
    $199,000

    6,593 SF building, prime location

    Property size:
    6,593 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This unique 6,593 square foot commercial property, built in 1960, is situated on a 20,908.8 square foot lot in the heart of downtown Bonifay, Florida (32425). Previously used as a church, thrift store, and event venue, this single-story building offers boundless potential for a variety of commercial uses. Its strategic location provides excellent visibility and accessibility with road frontage on Main Street, W Evans, and Martin streets. The property includes a commercial kitchen, a significant asset for food-related businesses or event spaces. While the previous uses have changed, the spacious interior and prime location remain. Buyers are encouraged to conduct their own due diligence to verify zoning compliance with their intended business plans. This is an exceptional opportunity for an entrepreneur seeking a versatile space with high visibility in a thriving downtown area. The asking price is $199,000.

    Property Features for 116 Main St

    General Information

    Property type
    Specialty properties
    Square Feet
    6,593 SF

    Building Details

    Year Built
    1960
    Stories
    1

    HighLights

    • $199,000 asking price for a 6,593 SF special purpose property.
    • Located at 116 Main Street, Bonifay, FL 32425.
    • One‑story building on a 20,908.8 sq ft lot, built in 1960.
    • High visibility with road frontage on Main Street, W Evans, and Martin Streets.
    • Previously used as a church, thrift store, and event venue with a commercial kitchen; adaptable to various uses.
    Property Profile 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
    -85.6806067
    Latitude
    30.7914134

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    FAQs

    What type of property is this?
    Specialty property - 6,593 SF building, prime location
    Where is this specialty property located?
    The property is located at 116 Main St Bonifay, FL.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: $199,000 asking price for a 6,593 SF special purpose property.; Located at 116 Main Street, Bonifay, FL 32425.; One-story building on a 20,908.8 sq ft lot, built in 1960.
    Request Owner's contact information
    116 Main 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
    116 Main St Bonifay, FL 32425
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