For Sale
$1,750,000

497 St Johns RdBonifay, FL 32425

Prime I-10 location, high-traffic area. Great investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional industrial property, located at 497 St. Johns Road in Bonifay, Florida, presents a compelling investment opportunity. The 2.6-acre lot houses a warehouse building constructed in 1982, offering excellent visibility and accessibility due to its prime location just off Highway 79 and with Interstate 10 exposure. Currently fully leased, the property offers immediate cash flow, although two of the three tenants will be vacating within 60 days. The remaining tenant's lease extends until December 31, 2020. This presents a unique chance for an investor to acquire a well-situated warehouse in a high-traffic area, with the potential for immediate lease-up of the soon-to-be-vacant spaces. The asking price for this property is $1,750,000. The property's location in Holmes County, Florida, provides easy access to major transportation routes, making it an ideal location for various industrial businesses. The building's size and layout offer flexibility for a variety of uses, making it an attractive investment for both short-term and long-term growth. This is a rare opportunity to acquire a well-positioned commercial property in a growing market.

Highlights

  • 2.6-acre industrial property at 497 St. Johns Road, Bonifay, FL.
  • Excellent visibility and accessibility off Highway 79 with I-10 exposure.
  • Currently fully leased, generating immediate cash flow; however, two of three tenants vacate within 60 days.
  • One tenant's lease expires December 31, 2020.
  • Asking price: $1,750,000.

Property Details for 497 St Johns Rd

Property type
Warehouses, Industrial properties
Year Built
1982
Lot Size (sq. ft)
113,256 SF

Location Insight

City
Bonifay
County
Holmes
State
Florida
Latitude
30.7657951
Longitude
-85.686745
497 St Johns Rd, Bonifay, Florida

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497 St Johns Rd
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