129 Waukesha St Bonifay, FL 32425-2356
This 2,880 square foot, two-story commercial building sits on a 0.07-acre lot at 129 S Waukesha Street in Bonifay, Florida. Strategically located on Highway 79, the direct route to Panama City Beach, this property offers exceptional visibility and high traffic exposure. The ground floor has a long history as a feed store, while the upstairs, accessed via a separate entrance, previously served as a bookstore and reading room. The building also includes a newer 24' x 48' metal storage building currently rented on a month-to-month basis, providing an immediate income stream. The main building features a newer metal roof, though some repairs are needed. The property's versatile layout presents numerous possibilities, including continued use as a mixed-use space or conversion into three separate rental units. Its prime location on a busy highway, coupled with its proximity to Panama City Beach, makes this an attractive investment opportunity with significant upside potential. The asking price is $159,000. This is a rare chance to acquire a well-situated commercial property with substantial redevelopment possibilities in a growing area. Don't miss out on this exceptional opportunity.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.