2531 Highway 71Wewahitchka, FL 32465

Property Details for 2531 Highway 71

Year built

2000

Construction

FRAME

Lot size

0.90 AC

Property size (Sq ft)

3,487 SF

Zone code

C1

Property type

Turn key restaurants

APN

02600-000R

APU

02600000R

Description

This exceptional investment opportunity presents a thriving 3,487 square foot apartment building situated on a 0.9-acre lot at 2531 Hwy 71 S in Wewahitchka, Florida. Priced at $239,000, this turn-key property boasts a prime location in the heart of Wewahitchka, ensuring high visibility and accessibility. The building's substantial size offers ample indoor and outdoor space, presenting a multitude of possibilities for expansion and diversification. Its established presence as a community staple speaks to its strong potential for continued success and profitability. The property's strategic placement on Hwy 71 guarantees significant foot traffic and convenient access for residents and patrons. This is an ideal opportunity for an investor seeking a well-established business with significant growth potential in a desirable location. The existing infrastructure provides a solid foundation for immediate returns, while the expansive space allows for creative expansion and adaptation to meet evolving market demands. Don't miss this chance to acquire a piece of Wewahitchka's vibrant commercial landscape. This property offers a unique blend of established success and untapped potential, making it an exceptional investment opportunity. The ample space and prime location ensure a strong return on investment for the discerning buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $1,061,088

  6.5%

  $979,466

  7%

  $909,504

• Comparable approach

  Method

  Valuation

  Relative Method

  $624,685

  Geo Method

  $624,685

• Alternative Use

  Use

  Valuation

  Residential

  $826,216

  Hospitality

  $756,810

  Educational

  $629,657

  Medical

  $651,312

  Retail

  $979,466

Location Insight

City

Wewahitchka

County

Gulf

State

Florida

Latitude

30.0867

Longitude

-85.1942

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].