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    3089-3095 Hoovers Mill Rd Bonifay, FL 32425

    For Sale
    $179,900

    Spacious Bonifay warehouse, 3888 sq ft.

    Property size:
    3,888 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 3,888-square-foot warehouse, situated on a generous 2-acre lot (91,476 sq ft), presents a unique investment opportunity in Bonifay, Florida. Built in 1963, this single-story industrial property boasts a rich history, rumored to be the former Hoovers Corn Mill Building. The warehouse is thoughtfully divided into four distinct sections, offering flexibility for various uses. A central office area, complete with a kitchenette and full bathroom, enhances functionality. Individual warehouse sections measure approximately 40x50 feet, 40x40 feet, and 40x40 feet, with one section including a 12x12-foot built-out office. Adding to its unique character are two impressive grain silos, standing 20 feet tall with a 24-foot diameter and 75-foot circumference. Practical features include a loading dock, loading ramp, oversized roll-up doors, and paved road access ensuring convenient ingress and egress. The property's proximity to Highway 79 provides excellent accessibility. Owner financing is available with an acceptable offer and a minimum 30% down payment. All dimensions are approximate

    Property Features for 3089-3095 Hoovers Mill Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    3,888 SF

    Building Details

    Year Built
    1963
    Stories
    1

    HighLights

    • 3,888 SF warehouse on a 2‑acre lot in Bonifay, FL.
    • Single‑story building with four sections, ideal for various uses.
    • Features a central office with kitchenette and bathroom, plus additional built‑out office space.
    • Includes two 20‑foot tall grain silos.
    • Equipped with a loading dock, ramp, oversized roll‑up doors, and paved road access.
    • Excellent Highway 79 accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Bonifay
    County
    Holmes
    State
    Florida
    Longitude
    -85.6852014
    Latitude
    30.8682857

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    FAQs

    What type of property is this?
    Distribution property - Spacious Bonifay warehouse, 3888 sq ft.
    Where is this distribution property located?
    The property is located at 3089-3095 Hoovers Mill Rd Bonifay, FL.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: 3,888 SF warehouse on a 2-acre lot in Bonifay, FL.; Single-story building with four sections, ideal for various uses.; Features a central office with kitchenette and bathroom, plus additional built-out office space.
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    3089-3095 Hoovers Mill Rd 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
    3089-3095 Hoovers Mill Rd Bonifay, FL 32425
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