Bonifay, Florida Commercial Real Estate 3 Listings

Bonifay, Florida: A Premier Destination for Commercial Real Estate

Introduction

Nestled in the Florida Panhandle, Bonifay is a burgeoning hub for commercial real estate (CRE) professionals. With a population of around 3,000, this small city offers unique opportunities for strategic investments in a diverse economy. The city's key industries include agriculture, logistics, and retail, making it an attractive destination for investors seeking to capitalize on its economic potential and strategic location.

Economic and Industry Overview

Bonifay's economy is driven by a few key industries that significantly impact the CRE market:

Agriculture: As a rural community, agriculture plays a crucial role in the local economy, creating demand for industrial and logistics spaces.
Logistics: Proximity to major transportation routes enhances the city's logistics capabilities, supporting a growing demand for warehouse and distribution facilities.
Retail: The city serves as a retail hub for surrounding areas, driving demand for commercial retail spaces.

Regional economic development initiatives focus on boosting these sectors, promoting a conducive environment for CRE investments.

Strategic Location and Transportation Infrastructure

Bonifay's strategic location is enhanced by its robust transportation infrastructure:

Highways: The city is connected by U.S. Highway 90 and Interstate 10, facilitating efficient transportation and logistics operations.
Airports: While there is no major airport in Bonifay, the Northwest Florida Beaches International Airport is accessible for commercial travel.
Rail: The presence of rail lines supports freight movement, adding to the city's logistical advantages.

The Florida Department of Transportation provides further information on transportation infrastructure enhancements.

Commercial Real Estate Inventory & Zoning

Bonifay boasts a variety of CRE submarkets:

Central Business District (CBD): Primarily retail and office spaces cater to local businesses.
Industrial Corridors: Areas along major highways are zoned for industrial use, attracting logistics and manufacturing operations.
Retail Centers: Shopping areas serve both locals and visitors, with potential for expansion.

The city has implemented zoning changes to encourage development, and investors can explore these on the City of Bonifay Zoning Map.

Major Employers and Institutions

Bonifay is home to several significant employers that influence CRE demand:

Holmes County School District: A major employer, driving demand for office spaces.
Local Agricultural Enterprises: Provide jobs and require industrial and logistics facilities.

For a more comprehensive list of local businesses, visit the Holmes County Economic Development Commission.

Notable Commercial Developments & Projects

Bonifay is witnessing several large-scale developments that promise to transform the CRE landscape:

Mixed-Use Developments: New projects aim to combine retail, office, and residential spaces, fostering a vibrant community environment.
Opportunity Zones: Designated areas offer tax incentives, attracting investors looking for favorable terms.

Planning and development details can be accessed through the Bonifay Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, the following resources are essential:

Market Data & Economic Reports

Accessing accurate market data is crucial for informed decision-making. Public data sets such as those from Census.gov and the city's open data portal offer valuable insights. At Brevitas, we leverage AI-powered aggregation to provide real-time market insights. Explore our Brevitas-powered dashboards for comprehensive data on Bonifay.

Bonifay, Florida Commercial Real Estate 3 Listings

Bonifay, Florida: A Premier Destination for Commercial Real Estate

Introduction

Economic and Industry Overview

Strategic Location and Transportation Infrastructure

Commercial Real Estate Inventory & Zoning

Major Employers and Institutions

Notable Commercial Developments & Projects

Building Permits, Planning, and Development Tools

Market Data & Economic Reports

Why Use Brevitas for Bonifay, Florida CRE?

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0000 N Waukesha St.

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