3229 Highway 77, Chipley, FL 32428
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.