802 Highway 90 Bonifay, FL 32425
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 802 Highway 90
- Year built
- 1957
- Property type
- Commercial real estate
Description
This exceptional investment opportunity in Bonifay, Florida, presents a unique blend of commercial and residential income potential. The property, located on Highway 90, encompasses nearly two acres (79,279.2 sq ft) within an Urban Mixed Use Future Land Use District, ensuring flexibility for a variety of ventures. A substantial 4,100+ sq ft concrete block building, featuring a brand new metal roof, provides ample space for diverse uses, including offices, retail, restaurants, or multi-family housing. Currently generating rental income from three residential units (two single-wide manufactured homes and one site-built home), this property offers immediate cash flow while allowing for future development. The high visibility and accessibility of the Highway 90 location guarantee strong customer traffic. Built in 1957, this property is priced at $170,000 and represents a compelling opportunity for investors seeking a strong return on investment in a thriving Florida community. The property's versatility and prime location make it an ideal choice for entrepreneurs and investors alike. This is a cash only sale.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bonifay
- County
- Holmes
- State
- Florida
- Longitude
- -85.6917576
- Latitude
- 30.7891851
