114 Highway 90 W Bonifay, FL 32425
For Sale
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This exceptional commercial property presents a unique investment opportunity. The Economy Lodge, located at 114 Highway 90 in Bonifay, Florida, is a 37-room motel currently offered for sale in an "as-is" condition. Situated at the strategic intersection of Highway 90 and Highway 79, this property benefits from high visibility and easy accessibility for travelers. The 2.25-acre lot provides ample space for potential expansion or future development. The existing motel structure offers immediate income potential, although buyers should conduct their own due diligence regarding the current operational status and potential renovations. This property is ideal for investors seeking a foothold in the Florida commercial real estate market or those looking to capitalize on the high traffic volume along these major highways. The asking price is $1,900,000. Serious inquiries only. The property is being sold "as-is," meaning the buyer assumes responsibility for all inspections and repairs. All interested parties are encouraged to conduct thorough due diligence before submitting an offer. This is a rare opportunity to acquire a well-positioned commercial property with significant potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.