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    OFF-MARKET
    Commercial real estate

    3229 Highway 77, Chipley, FL 32428

    Property ID
    US18-5554777
    Property summary
    AI-generated overview

    This 5,227 square foot vacant land parcel in Chipley, Florida, presents a unique investment opportunity. Located on Highway 77, this property is ideally suited for a billboard, capitalizing on the recently completed four-laning of the highway and significant growth in Washington County. Currently zoned residential, the lot is too small for residential construction, but rezoning to commercial is feasible through a straightforward application process with Washington County. A recent survey will be provided by the seller. While initially believed to be an acre, the lot size is accurately measured at 5,227 square feet (0.12 acres). Its high-visibility location on the newly improved Highway 77 makes it an exceptional site for advertising, promising significant returns. Interested parties are encouraged to conduct a site visit to fully appreciate its potential. The property is situated at 3229 Highway 77, Chipley, FL 32428.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US18-5554777
    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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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