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Property profile & analytics
FOR SALE
Hotels

114 Highway 90 W Bonifay, FL 32425

4,490 SF 2.25 ac lot Built 1963
Individually Owned 2-yr Hold Free & Clear
Property ID
US18-2842502
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1963
Total area 4,490 SF
Lot 2.25 ac (97,835 SF)
APN 0606.02-000-000-044.000
UPID US18-2842502
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
AI Approach AI
$625k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$625k
Owner & transaction history
Kaushikkumar H Patel · 2 yrs held
Kaushikkumar H Patel
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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