1173 Highway 171Graceville, FL 32440

Property Details for 1173 Highway 171

Year built

1960

Lot size

0.76 AC

Property size (Sq ft)

2,584 SF

Property type

Retail properties

Property subtype

Bars

APN

0133.00-000-000-047.000

APU

13300000000047000

Description

This exceptional commercial property, located at 1173 Highway 171 in Graceville, Florida, presents a unique investment opportunity. Priced at $98,500, this turnkey operation boasts a substantial 2,584 square foot building situated on a generous 33,105.6 square foot lot. The property has a rich history as an established bar and nightclub, offering immediate income potential for a savvy buyer. Constructed in 1960, the building is well-maintained and features durable concrete block construction with a reliable metal roof. Recent improvements include a new air conditioning system and remodeled bathrooms, enhancing both functionality and appeal. The property also includes two large campers in good condition, adding further value and potential uses. Ample parking is available on-site, ensuring convenience for patrons and staff. This prime location in Graceville, Florida, offers excellent visibility and accessibility, making it an ideal setting for a thriving business. The property's solid structure, recent updates, and established history combine to create a compelling investment prospect in a desirable location. This is a rare opportunity to acquire a turnkey business with significant upside potential. The zip code is 32440.

• CAP approach

  CAP return

  Valuation

  6%

  $383,667

  6.5%

  $354,154

  7%

  $328,857

• Comparable approach

  Method

  Valuation

  Relative Method

  $462,915

  Geo Method

  $462,915

• Alternative Use

  Use

  Valuation

  Residential

  $298,742

  Hospitality

  $273,646

  Educational

  $227,670

  Medical

  $235,500

  Retail

  $354,154

Location Insight

City

Graceville

County

Holmes

State

Florida

Latitude

30.9652

Longitude

-85.5371

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].