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    OFF-MARKET
    Land

    0 Blue Lake Rd, Chipley, FL 32428

    2.35 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.35-acre commercial land parcel presents a unique investment opportunity in Chipley, Florida. Strategically located south of I-10 within Chipley city limits, this property boasts unparalleled access to the eastbound I-10 entrance ramp, ensuring high visibility and convenient access for businesses. The recent completion of municipal water, sewer, and natural gas infrastructure extensions by the City of Chipley brings essential utilities directly to this site, eliminating significant development hurdles. A new Washington County ordinance permits the sale of alcoholic beverages (under 6.243% alcohol content) on-premises in state-licensed restaurants, opening exciting possibilities for various commercial ventures. While dimensions are approximate and a survey is unavailable, the property's location adjacent to the I-10/Highway 77 interchange offers significant advantages. Access to the property will be negotiated via Blue Lake Road off Highway 77, with access arrangements to be finalized with neighboring landowners. This is the only commercial property south of I-10 within Chipley's city limits, making it a truly rare and highly desirable investment. The asking price is $95,900. The property is zoned for commercial use.

    Property profile
    Verified
    Property type Land
    Lot 2.35 ac (102,366 SF)
    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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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