129 Waukesha StBonifay, FL 32425

Property Details for 129 Waukesha St

Year built

1900

Lot size

0.07 AC

Property size (Sq ft)

2,880 SF

Property type

Retail properties

Property subtype

Retail space

APN

0531.03-003-120-014.000

APU

53103003120014000

Description

This 2,880 square foot, two-story commercial building sits on a 0.07-acre lot at 129 S Waukesha Street in Bonifay, Florida. Strategically located on Highway 79, the direct route to Panama City Beach, this property offers exceptional visibility and high traffic exposure. The ground floor has a long history as a feed store, while the upstairs, accessed via a separate entrance, previously served as a bookstore and reading room. The building also includes a newer 24' x 48' metal storage building currently rented on a month-to-month basis, providing an immediate income stream. The main building features a newer metal roof, though some repairs are needed. The property's versatile layout presents numerous possibilities, including continued use as a mixed-use space or conversion into three separate rental units. Its prime location on a busy highway, coupled with its proximity to Panama City Beach, makes this an attractive investment opportunity with significant upside potential. The asking price is $159,000. This is a rare chance to acquire a well-situated commercial property with substantial redevelopment possibilities in a growing area. Don't miss out on this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $505,097

  6.5%

  $466,244

  7%

  $432,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $515,943

  Geo Method

  $515,943

• Alternative Use

  Use

  Valuation

  Residential

  $393,294

  Hospitality

  $360,255

  Educational

  $299,728

  Medical

  $310,036

  Retail

  $466,244

Location Insight

City

Bonifay

County

Holmes

State

Florida

Latitude

30.7911

Longitude

-85.68

Property Tax & Assessments

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