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Property profile & analytics
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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