Listed by Nicklaus Vance Realty Group
$135,000
Bonifay Office / Medical / Educational / Church
Details
APN 053102001045025000
Property Type Office, Special Purpose
Sub Type Traditional Office, School
Square Footage 4,714
Tenancy Vacant
Year Built 1950
Lot Size (SqFt) 13,024
Zoning PUB
Investment Type Owner/User
Ground Lease No
Office | 4,714 SqFt
Marketing description
This offering presents the opportunity to acquire a freestanding building at 701 N Tracy Street in Bonifay, Florida, located in Holmes County. Historically operated as a Masonic Lodge, the property carries a Public/Semi-Public/Educational(PUB) Future Land Use designation under the City of Bonifay 2044 Comprehensive Plan. This zoning classification supports a broad spectrum of civic, institutional, educational, and community oriented uses.
The PUB future land use category makes this property well-suited for nonprofits, faith-based organizations, government tenants, healthcare providers, and similar users seeking an established, freestanding building.
Investment highlights
- The cost to replicate this asset at today's construction pricing significantly exceeds the offering price, providing a substantial replacement cost discount.
- The subject property carries a Public/Semi-Public/Educational (PUB) Future Land Use designation, as confirmed by the City of Bonifay Planning Department. This designation was driven by the property's longstanding use as a Masonic Lodge. The following development parameters and allowable uses are derived directly from Policy 5.1(e) of the City of Bonifay 2044 Comprehensive Plan Policy Document, and the Future Land Use Map approved by the State of Florida in April 2025.
- Per Policy 5.1(e) of the City of Bonifay 2044 Comprehensive Plan, the Public/Semi-Public/Educational land use category is intended for the following types of activities and facilities:
- Public / Private K-12 Schools
- Vocational & Technical Schools
- Civic & Community Centers
- Recreation Centers
- Hospitals & Public Health Facilities
- Government Admin Buildings
- Utility / Infrastructure Facilities
Listing Contacts
Listed by Nicklaus Vance Realty Group
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