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    9 Gap Blvd, Chipley, FL 32428

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    This exceptional commercial lot, located at 9 GAP Boulevard in Chipley, Florida, presents a unique investment opportunity. Spanning 24,829 square feet, this property is situated in the Sunny Hills commercial district and benefits from a convenient commercial alley at the rear, ideal for deliveries and shipping. The property is subject to Unit Four deed restrictions, readily available for review in the provided documentation. A significant advantage is the proximity to Gap Lake, with a boat launch ramp just 0.7 miles away. Furthermore, the recent Washington County ordinance permitting alcohol sales in state-licensed restaurants adds considerable potential for various commercial ventures. The lot's zoning allows for both commercial and multi-family development, offering flexibility for diverse investment strategies. This property is conveniently located approximately 25 miles from the new Northwest Florida Beaches International Airport. An adjacent lot (MLS# 505083), also owned by the seller, is available for purchase, expanding the total acreage to 1.14 acres. Annual property taxes are $106.28, inclusive of a $9.70 MSBU annual assessment. This presents a compelling opportunity for investors seeking a strategically located commercial property in a growing area.

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    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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