00 Highway 79 Bonifay, FL 32425
- Commercial real estate
- 220.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 00 Highway 79
- Lot size
- 220.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 220-acre property presents a significant development opportunity in Bonifay, Florida. Strategically located one block south of the intersection of Interstate 10 and Highway 79, this site boasts over 3,750 feet of paved frontage on Highway 79 and 2,500 feet along its northern boundary, ensuring excellent access. The property's zoning offers considerable flexibility. Approximately 80 acres are zoned Commercial, while roughly 140 acres are designated Urban Mixed-Use. This allows for the potential development of approximately 7 million square feet of commercial space or up to 2,200 residential units. Detailed entitlement and wetland delineation information is available upon request. Infrastructure is already in place, thanks to the state-funded "79 Corridor Project Authority," providing central water and sewer services along the Highway 79 frontage. Electric and cable services are also readily accessible. High traffic counts further enhance the property's value, with an annual average daily traffic (AADT) of 23,000 on I-10 and 7,700 on Highway 79, exhibiting a consistent 15% annual growth since 2020. Please note that the exact acreage and property lines will be finalized through a boundary survey conducted by the buyer. This is a rare opportunity to acquire a large-scale development site in a rapidly growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bonifay
- County
- Holmes
- State
- Florida
- Longitude
- -85.6864
- Latitude
- 30.7
