6907 Doc Whitfield RdWewahitchka, FL 32465

Property Details for 6907 Doc Whitfield Rd

Year built

1987

Construction

FRAME

Lot size

0.82 AC

Property size (Sq ft)

3,380 SF

Zone code

R1

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

00160-000R

APU

00160000R

Description

This thriving convenience store, situated on nearly an acre in the Howard Creek community of Wewahitchka, Florida, presents a unique investment opportunity. Boasting over 2,992 square feet of retail space, the store enjoys a monopoly within an 11-mile radius, serving the local fishing community and tourists alike. The property includes two 500-gallon above-ground fuel tanks, offering a significant revenue stream. The store's diverse inventory includes live bait, beverages, ice, groceries, beer, cigarettes, fresh-cut meats, and a deli, catering to a wide range of customer needs. A key draw is the popular fresh-cooked breakfast biscuits and coffee, a daily ritual for many locals. The store also carries a selection of marine, plumbing, electrical, and HVAC supplies, further diversifying its offerings. The building features a modern point-of-sale system, security cameras (with no monthly fees), an ATM, an office space, a full private bath, and a public bath. Recent upgrades include a central heating and air conditioning system with new ductwork, a mini-split system, updated coolers, a Manitowoc ice machine, a backup generator switch, a new Infinger oven, a full electric stove, a kitchen exhaust system, new refrigerators, a new water heater, and an Air/Vac machine. The property itself boasts numerous fruit trees and a block box suitable for on-site bait worm production, offering additional income potential. The large lot also allows for expansion

• CAP approach

  CAP return

  Valuation

  6%

  $867,602

  6.5%

  $800,864

  7%

  $743,659

• Comparable approach

  Method

  Valuation

  Relative Method

  $372,440

  Geo Method

  $372,440

• Alternative Use

  Use

  Valuation

  Residential

  $800,864

  Hospitality

  $733,587

  Educational

  $610,336

  Medical

  $631,326

  Retail

  $949,411

Location Insight

City

Wewahitchka

County

Gulf

State

Florida

Latitude

29.8989

Longitude

-85.0716

Property Tax & Assessments

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