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    Land

    77 Xxx Hwy, Chipley, FL 32428

    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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