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    OFF-MARKET
    Industrial properties

    3089-3095 Hoovers Mill Rd, Bonifay, FL 32425

    3,888 SF 2.1 ac lot Built 1963
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3,888 square foot industrial property, located at 3089-3095 Hoovers Mill Road in Bonifay, Florida, presents a unique investment opportunity. The building, rumored to be the former Hoovers Corn Mill, boasts a rich history and substantial space, ideal for a variety of commercial uses. The warehouse is divided into four distinct sections, offering flexibility for diverse operations. The leftmost section measures approximately 40x50 feet, the second from the left is approximately 40x40 feet, and the far right section is also approximately 40x40 feet, with an additional 12x12 foot office space. A central office area provides convenience, complete with a kitchenette and full bathroom. Adding to the property's unique character are two impressive grain silos, standing 20 feet tall with a 24-foot diameter and 75-foot circumference. Practical features include fencing, a loading dock, a loading ramp, and oversized roll-up doors, ensuring efficient operations. The property sits on approximately 2.1 acres of land, providing ample space and convenient paved road access with good ingress and egress. Its proximity to Highway 79 enhances its accessibility. The seller is offering owner financing with an acceptable offer and a minimum 30% down payment. All dimensions are approximate

    Property profile
    Verified
    Property type Industrial properties
    Year built 1963
    Total area 3,888 SF
    Lot 2.1 ac (91,476 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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