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Highway 79 - 297 Acres
295.65 Acres of Commercial Land Offered at $9,500,000 in Bonifay, FL 32425
Investment Highlights
- +/- 220 acre fully entitled development land with over 3,750' of frontage frontage on Highway 79
- Neighboring Doctor's Memorial Hospital and an approved Busy Bee Travel Plaza Development
- Zoning approved for over 7 million square feet of commercial or nearly 2,200 residential dwelling units
- Located 390' south of Interstate 10 with growing traffic counts
- Water, sewer, and electric already located on site
- 42 miles to ECP - Northwest Florida Beach International Airport and 44 miles north of white sandy beaches
Property Facts
| Price | $9,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 295.65 AC |
| Property Type | Land | Cross Streets | I-10 |
| Price | $9,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 295.65 AC |
| Cross Streets | I-10 |
1 Lot Available
Lot
| Price | $9,500,000 | Lot Size | 295.65 AC |
| Price Per AC | $32,133 |
| Price | $9,500,000 |
| Price Per AC | $32,133 |
| Lot Size | 295.65 AC |
Description
The +/- 220 acre subject property sits one block south of the Interstate 10 and Highway 79 intersection. With over 3,750' of paved frontage on Highway 79 and 2,500' of paved frontage along the north boundary, there is sufficient ingress and egress to all sections of the site. Neighboring Doctor's Memorial Hospital, +/- 80 acres of the property is zoned Commercial, +/- 140 acres is zoned Urban Mixed-use. The zoning allows for +/- 7 million square feet of commercial or +/- 2,200 residential units. More entitlement/wetland delineation information available upon request. As part of the state-funded "79 Corridor Project Authority", central water and sewer are completed along the frontage of the property on Highway 79. Electric and cable services also available to site. FDOT annual drive count for Interstate 10 is 23,000 AADT & Highway 79 is 7,700 AADT which has reflected an average 15% increase per year since 2020. Exact acreage and property lines to be determined with boundary survey executed by buyer.
PROPERTY TAXES
| Parcel Number | 0618.00-000-000-001.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,261,040 |
PROPERTY TAXES
zoning
| Zoning Code | Commercial |
| Commercial |
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Anderson Brooks -
NAI Talcor West Florida Division
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Highway 79 - 297 Acres
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