1364 Railroad Ave Chipley, FL 32428-1456
This exceptional 5,100 square foot office building, located at 1364 N Railroad Avenue in historic downtown Chipley, Florida, presents a unique investment opportunity. Previously serving as a newspaper production facility, the property offers a versatile layout adaptable to a wide range of commercial uses. The building features a welcoming reception area, numerous individual offices providing ample workspace, and two convenient restrooms. A significant advantage is the inclusion of a substantial 62x25 foot attached shop, complete with a roll-up door providing convenient access to a rear alleyway. This adds significant flexibility for storage, light manufacturing, or other business needs. Situated on a 0.16-acre lot, the property benefits from its prime downtown location, offering high visibility and accessibility. While requiring some updating and modernization, this building holds immense potential for a discerning buyer seeking a prominent presence in the heart of Chipley. The substantial square footage and unique shop space make this a truly rare find in the local market. The asking price is $169,999. This is a chance to acquire a piece of Chipley's history and transform it into a thriving business hub. Don't miss this chance to own a piece of Chipley's rich history and shape its future.
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
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Property description
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Risks
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