Homes for sale - 8406 Panama City Beach Pkwy, Panama City Beach, FL...

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Shantel Peterson

[email protected] +1(850) 543-9000

$ 3,985,000

Est. payment | -/mo

3 Acres Lot

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$ 3,985,000

Est. payment | -/mo

Save

3 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision No Named Subdivision

MLS Listing ID 776552

HOA Y/N No

Year Built 1984

Lot Size 3.000 Acres

Acres 3.0

Property Description

A rare opportunity for investors and developers to capitalize on immediate equity and long-term upside. This strategically located property with 200 ft of frontage on high traffic Hwy 98 recently appraised at $4,085,000, yet is being offered for just $3,985,000.Additionally, the current appraisal does not reflect the in-process Development Order (DO) or the significant investment already made toward its approval -- specifically for the back 2 acres of the property. Building has the following occupancy: Unit A - (600 Sq.Ft.) Rented, Units B-C (1200 Sq.Ft.) Rented, Units D-E-F (1800 Sq.Ft.) Rented, Unit G (900 Sq.Ft.) Rented, Units H-I + warehouse, (2500 Sq.Ft.) Rented, Units J-K-L + warehouse (owner occupied), Unit M (600 Sq.Ft.) Rented, Unit N (600 Sq.Ft.) Rented! Also, the large billboard pays the building owner $7,500/yr rent. Don't miss this unique opportunity!

Location

State FL

County Bay

Area 03 - Bay County - Beach

Interior

Heating Central, Electric

Cooling Central Air, Electric

Fireplace No

Exterior

Utilities Available Electricity Available, Sewer Available, Water Available

Roof Type Metal

Building

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Breakfast Point

Middle Schools Breakfast Point

High Schools Arnold

Others

Tax ID 27904-010-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Listed by Gulf Life Real Estate Inc

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(850) 543-9000

[email protected]

Niceville, Florida, 32578, USA

8406 Panama City Beach Pkwy Panama City Beach, FL 32407