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- LoopNet Team
Highway 79
Bonifay, FL 32425
297 Acres · Land For Sale
·
295.65 AC
INVESTMENT HIGHLIGHTS
- Highway 79 and I-10 provides a 297.62-acre parcel benefiting from liberal zoning, including commercial and multifamily development uses.
- Sits at the Gateway to the Beaches, the SR-79 route from I-10 to Panama City Beach, which promises increased traffic and market opportunities.
- Within Bonifay, the site is the largest tract fronting SR-79 south of the interstate with over 5,200 feet of frontage on the 4-lane highway.
- Situated in an economic development zone and features tax incremental financing (TIF) incentives that apply to new development and job creation.
- Perfectly placed across this street and adjacent to the site lies Doctors Memorial Hospital, a nationally award-winning full-service facility.
- The Gateway to the Beaches has grown by 2,000,000 visitors each year and is projected to see over 25,000 vehicles pass by daily by year’s end.
PROPERTY FACTS
DESCRIPTION
This single parcel of over 297 acres is strategically located in the center of the Florida Panhandle 48 miles due north of the Panama City metropolitan area. The site lies at the southeast corner of State Road 79 and Thomas Drive approximately 900 feet south of Interstate 10 at Exit 112. Highway 79 and I-10 has direct access to all local utilities, including power, cable, fiber optic, natural gas and public central water and sewer service. Thousands of tons of fill, including lime and clay has been placed, spread and compacted across much of the roadway frontage of the site. The surrounding area is experiencing its highest population and market growth due, in part, to the 2015 devastation of Hurricane Michael southward toward the coast. There is also currently a critical housing shortage in the Bonifay area, which will benefit buyers looking to transform the site into a new multifamily development and capture the increased traffic of beachgoers into the area. A Land Use and Planning Analysis (LUPA) Report delineating full information of the property is available upon request.
PROPERTY TAXES
| Parcel Number | 0618.00-000-000-001.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,371,040 |
PROPERTY TAXES
