1364 Railroad AveChipley, FL 32428

Property Details for 1364 Railroad Ave

Year built

1901

Lot size

0.16 AC

Property size (Sq ft)

5,080 SF

Property type

Office properties

Property subtype

Office buildings

APN

13600000

APU

13600000

Description

This exceptional 5,100 square foot office building, located at 1364 N Railroad Avenue in historic downtown Chipley, Florida, presents a unique investment opportunity. Previously serving as a newspaper production facility, the property offers a versatile layout adaptable to a wide range of commercial uses. The building features a welcoming reception area, numerous individual offices providing ample workspace, and two convenient restrooms. A significant advantage is the inclusion of a substantial 62x25 foot attached shop, complete with a roll-up door providing convenient access to a rear alleyway. This adds significant flexibility for storage, light manufacturing, or other business needs. Situated on a 0.16-acre lot, the property benefits from its prime downtown location, offering high visibility and accessibility. While requiring some updating and modernization, this building holds immense potential for a discerning buyer seeking a prominent presence in the heart of Chipley. The substantial square footage and unique shop space make this a truly rare find in the local market. The asking price is $169,999. This is a chance to acquire a piece of Chipley's history and transform it into a thriving business hub. Don't miss this chance to own a piece of Chipley's rich history and shape its future.

• CAP approach

  CAP return

  Valuation

  6%

  $605,949

  6.5%

  $559,338

  7%

  $519,385

• Comparable approach

  Method

  Valuation

  Relative Method

  $361,137

  Geo Method

  $361,137

• Alternative Use

  Use

  Valuation

  Residential

  $693,579

  Hospitality

  $635,315

  Educational

  $528,574

  Medical

  $546,753

  Retail

  $822,227

Location Insight

City

Chipley

County

Washington

State

Florida

Latitude

30.781

Longitude

-85.5391

Property Tax & Assessments

FAQs

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