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    802 Highway 90 Bonifay, FL 32425

    For Sale
    $170,000

    High-traffic location, multi-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity in Bonifay, Florida, presents a unique blend of commercial and residential income potential. The property, located on Highway 90, encompasses nearly two acres (79,279.2 sq ft) within an Urban Mixed Use Future Land Use District, ensuring flexibility for a variety of ventures. A substantial 4,100+ sq ft concrete block building, featuring a brand new metal roof, provides ample space for diverse uses, including offices, retail, restaurants, or multi-family housing. Currently generating rental income from three residential units (two single-wide manufactured homes and one site-built home), this property offers immediate cash flow while allowing for future development. The high visibility and accessibility of the Highway 90 location guarantee strong customer traffic. Built in 1957, this property is priced at $170,000 and represents a compelling opportunity for investors seeking a strong return on investment in a thriving Florida community. The property's versatility and prime location make it an ideal choice for entrepreneurs and investors alike. This is a cash only sale.

    Property Features for 802 Highway 90

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1957

    HighLights

    • Exceptional investment opportunity in Bonifay, FL, offering a blend of commercial and residential income.
    • Nearly two‑acre (79,279.2 sq ft) lot in an Urban Mixed Use zoning district on Highway 90.
    • 4,100+ sq ft concrete block building with a new metal roof, suitable for various uses including office, retail, or multi‑family.
    • Currently generates income from three residential units (two manufactured homes and one site‑built home).
    • High‑visibility Highway 90 location ensures strong traffic.
    • 1957 construction, priced at $170,000; cash sale only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -85.6917576
    Latitude
    30.7891851

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    FAQs

    What type of property is this?
    Specialty property - High-traffic location, multi-use potential.
    Where is this specialty property located?
    The property is located at 802 Highway 90 Bonifay, FL.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity in Bonifay, FL, offering a blend of commercial and residential income.; Nearly two-acre (79,279.2 sq ft) lot in an Urban Mixed Use zoning district on Highway 90.; 4,100+ sq ft concrete block building with a new metal roof, suitable for various uses including office, retail, or multi-family.
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    802 Highway 90 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
    802 Highway 90 Bonifay, FL 32425
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