8 Gap Blvd, Chipley, FL 32428
This exceptional 0.57-acre commercial lot, located at 8 GAP Boulevard in Chipley, Florida, presents a unique investment opportunity. Priced at $65,000, this property boasts a 24,829 square foot lot size and benefits from a recent Washington County ordinance allowing on-premises alcohol sales in a state-licensed restaurant, subject to existing Unit Four deed restrictions. The property's strategic location offers convenient access to key transportation routes, including proximity to the new Northwest Florida Beaches International Airport (approximately 25 miles away). A commercial alley at the rear of the property provides easy access for deliveries and shipping, enhancing its operational efficiency. The lot is situated in the Sunny Hills commercial district, offering excellent visibility and potential for high foot traffic. For those seeking expansion, an adjacent lot (MLS# 505086) is also available for purchase, increasing the total acreage to 1.14 acres. Recreational amenities are also nearby, with Gap Lake boat launch ramp and county pavilion just 0.7 miles away. The 2024 property taxes are $106.28, which includes a $9.70 MSBU annual assessment. This property is subject to Sunny Hills Unit 4 deed restrictions. This is a rare opportunity to acquire a well-positioned commercial lot with significant potential in a growing area.
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
Similar Nearby for Lease
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.