0000 Waukesha St Bonifay, FL 32425
This exceptional 3-acre parcel in Bonifay, Florida, presents a unique investment opportunity. Located at the highly visible southwest corner of Highways 79N and 177A, this property boasts over 400 feet of frontage on Highway 79N. Previously held off the market for an extended period, this land is now available for development. The property is zoned for mixed-use, allowing for both commercial and residential development, offering significant flexibility for various projects. The land itself is open, level, and ready for immediate construction. Its strategic location at a red-light intersection provides unparalleled visibility and accessibility, making it ideal for a wide range of businesses. The property's proximity to three feeder highways from surrounding towns ensures high traffic volume. This location is particularly attractive as the only undeveloped corner at this key intersection. The potential uses are numerous, ranging from a large-scale development such as an outdoor mall or shopping center, to smaller, individual parcels. The seller is open to considering various development scenarios. The asking price is $1,250,000, representing a price per acre of $417,000. This represents a significant opportunity to capitalize on the growth potential of this prime Bonifay location. The entire 7+ acre parcel is also available.
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
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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.