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 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%

  $427,122

  6.5%

  $394,267

  7%

  $366,105

• Comparable approach

  Method

  Valuation

  Relative Method

  $212,929

  Geo Method

  $212,929

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $806,624

  Mixed-Use / Specialty

  $377,600

  Hospitality / Lodging

  $257,165

  Office

  $359,462

  Institutional / Educational

  $387,098

  Residential Income

  $452,905

  Multifamily

  $627,792

  Automotive / Energy

  $331,798

  Parking / Income-Based Land

  $129,577

  Restaurant / Food Service

  $163,824

  Healthcare / Senior Housing

  $402,872

Location Insight

City

Bonifay

County

Holmes

State

Florida

Latitude

30.7911

Longitude

-85.68

Property Tax & Assessments

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