77 Xxx Hwy, Chipley, FL 32428
This exceptional 10.23-acre (445,619 sq ft) vacant commercial land parcel in Chipley, Florida, presents a unique investment opportunity. Located just south of I-10 on Hwy 77, this high-visibility site boasts an average daily traffic count of 8,100 vehicles (2022 DOT data). Its prime location offers easy access to local amenities including restaurants, shopping, and Wal-Mart, as well as recreational attractions such as Falling Waters State Park (2.2 miles) and Panama City Beaches (approximately 49 miles). Previous plans for the property included a 65-site RV park with amenities such as a pool, cabins, tent sites, a bathhouse, maintenance building, and an office with check-in area. However, the possibilities are limitless; this expansive lot provides ample space for a wide range of commercial developments, allowing for customization to suit individual business aspirations. The property is zoned for commercial use (verification required by buyer). This is a rare chance to acquire a significant commercial land holding in a rapidly growing area with excellent visibility and convenient access to major transportation routes and local attractions. The asking price is $799,999. The property is located at XXX Hwy 77, Chipley, FL 32428.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.