1170 Highway 79 Bonifay, FL 32425
This exceptional investment opportunity presents a well-established storage facility located at 1170 Hwy 79 North, Bonifay, Florida. The property encompasses a sizable 0.69-acre lot and features two existing buildings, each housing ten individual 10'x10' storage units, totaling twenty units currently in operation. This translates to a readily generating income stream for the astute investor. The property's significant advantage lies in its considerable undeveloped land, offering substantial potential for future expansion. Additional storage units can be easily constructed on the remaining acreage, significantly increasing rental income and overall property value. The property is conveniently situated on Highway 79 North in Bonifay, providing excellent visibility and accessibility for both tenants and potential future expansion projects. This turnkey operation presents a rare chance to acquire a profitable, established business with significant upside potential for growth and increased revenue. The asking price of $109,900 makes this an attractive investment opportunity in the thriving Bonifay market. The existing infrastructure provides a solid foundation for immediate returns, while the expansion potential ensures long-term growth and profitability. This is an ideal acquisition for investors seeking a stable income stream with significant room for future development. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.