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OFF-MARKET
Specialty properties

8 Gap Blvd Chipley, FL 32428

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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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