20 Highway 99Walnut Hill, FL 32568

Property Details for 20 Highway 99

Year built

1971

Construction

TYPE NOT SPECIFIED

Lot size

1.00 AC

Property size (Sq ft)

4,907 SF

Zone code

RMU

Property type

Retail properties

Property subtype

Outlet malls

APN

05-4N-32-4304-000-001

APU

054N324304000001

Description

This versatile 0.94-acre property at 20 S Hwy 99 in Walnut Hill, Florida (zip code 32568), offers a unique investment opportunity. Built in 1971, the single building boasts a flexible layout previously used as a tractor/lawnmower repair and supply house, and also as a retail facility. The property features a small showroom and office, complemented by a spacious warehouse or work area with large roll-up and sliding doors, ideal for various uses. Additional covered outdoor parking or storage is available. The warehouse features high ceilings, suitable for a range of applications. The location provides excellent visibility from Highways 97 and 99, benefiting from high traffic counts on Hwy 97 and a prime position directly across from a new Dollar General store. The property is zoned RMU and presents a strong potential for various retail, convenience store, or daycare/nursery uses. This property is a rare find in a high-traffic area, offering significant potential for return on investment. The asking price is $295,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $976,929

  6.5%

  $901,781

  7%

  $837,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $836,931

  Geo Method

  $879,073

• Alternative Use

  Use

  Valuation

  Residential

  $760,686

  Hospitality

  $696,784

  Educational

  $579,716

  Medical

  $599,654

  Retail

  $901,781

Location Insight

City

Mc David

County

Escambia

State

Florida

Latitude

30.8885

Longitude

-87.4627

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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