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Property profile & analytics
OFF-MARKET
Land

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 Land
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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