497 St Johns Rd Bonifay, FL 32425
- Warehouses
- 2.60 lot acres
Current Use by Public Records
- Warehouses
Property Details for 497 St Johns Rd
- Year built
- 1982
- Lot size
- 2.60 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional industrial property, located at 497 St. Johns Road in Bonifay, Florida, presents a compelling investment opportunity. The 2.6-acre lot houses a warehouse building constructed in 1982, offering excellent visibility and accessibility due to its prime location just off Highway 79 and with Interstate 10 exposure. Currently fully leased, the property offers immediate cash flow, although two of the three tenants will be vacating within 60 days. The remaining tenant's lease extends until December 31, 2020. This presents a unique chance for an investor to acquire a well-situated warehouse in a high-traffic area, with the potential for immediate lease-up of the soon-to-be-vacant spaces. The asking price for this property is $1,750,000. The property's location in Holmes County, Florida, provides easy access to major transportation routes, making it an ideal location for various industrial businesses. The building's size and layout offer flexibility for a variety of uses, making it an attractive investment for both short-term and long-term growth. This is a rare opportunity to acquire a well-positioned commercial property in a growing market.
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
- -85.6867
- Latitude
- 30.7658
