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    0 Tbd I-10 Rd, Chipley, FL 32428

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    Property summary
    AI-generated overview

    This exceptional 102,366 sq ft commercial lot in Chipley, Florida, presents a unique investment opportunity. Situated just south of I-10 and within city limits, this parcel benefits from high visibility due to its adjacency to the I-10 eastbound entrance ramp. The recent extension of municipal water, sewer, and natural gas services by Washington County and the City of Chipley ensures readily available utilities. A significant advantage is the newly enacted Washington County alcohol ordinance, permitting on-premises beverage sales in a state-licensed restaurant on this property. This makes it ideal for a variety of businesses. While dimensions are approximate and a survey is unavailable, the property's strategic location offers substantial potential. Note that legal access will need to be negotiated with neighboring properties, with access planned via Blue Lake Road off Highway 77. The asking price is $20,000. For those seeking a larger footprint, additional adjacent property is also available (see MLS# 501660). This is a rare chance to secure a high-traffic commercial site 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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    Permitted uses
    Allowed · conditional · prohibited
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