3533 W Highway 98, Panama City, FL 32401
3533 W Highway 98, Panama City, FL 32401
3533 W Highway 98, Panama City, FL 32401
3533 W Highway 98, Panama City, FL 32401
3533 W Highway 98, Panama City, FL 32401
3533 W Highway 98, Panama City, FL 32401
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Shantel Peterson

Shantel Peterson

+1(850) 543-9000
$ 1,174,999
Est. payment | /mo

4,330 SqFt

Save
$ 1,174,999
Est. payment | /mo
Save

4,330 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,330 sqft

Price per Sqft $271

Subdivision Lakeside

MLS Listing ID 795696

HOA Y/N No

Year Built 1970

Lot Size 8,276 Sqft

Acres 0.19

Property Sub-Type Multi Family

Property Description

Rare opportunity to acquire a 14-unit multifamily property positioned directly along W Hwy 98 in Panama City, offering an established income producing asset in a highly visible and strategically located corridor. With approximately 42,250 vehicles traveling this segment of W Hwy 98 daily, and updates from 2021 including new electrical, sewer and water lines, windows, doors, drywall, trusses and roof, the property benefits from exceptional exposure and convenient connectivity throughout Panama City and the surrounding Bay County market. Located in the historic St. Andrews area, this property places residents within easy reach of everyday necessities, restaurants, shopping, employment centers, schools, recreation and major transportation routes. The surrounding area provides convenient access to the Port of Panama City, Gulf Coast State College, Florida State University-Panama City, downtown Panama City, the Hathaway Bridge and the beaches of Panama City Beach. For residents, the location offers the convenience of being close to work, education, dining and entertainment, while investors benefit from the property's established multifamily use and proximity to major demand drivers throughout the Panama City market. Lucille Moore Elementary School is approximately 0.2 miles away, with Jinks Middle School approximately 2.5 miles and Bay High School approximately 2.9 miles from the property. The property's history as a multifamily asset dates back to its construction in approximately 1970, reflecting its historic operation as Bay Villa Apartments. Whether you're looking to add an established multifamily asset to your portfolio, or capitalize on the continued demand for housing in the Panama City/St. Andrews area, 3533 W Hwy 98 presents a unique opportunity to own a sizable multifamily property along one of the area's most traveled corridors. Buyer to independently verify all measurements, zoning, permitted uses, unit configuration, financials, traffic counts, and other property information deemed important to buyer. All financial information is approximate, provided by owner.

Location

State FL

County Bay

Area 02 - Bay County - Central

Interior

Fireplace No

Exterior

Utilities Available Sewer Available

Roof Type Composition,Shingle

Private Pool No

Building

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Level or Stories Two

Schools

Elementary Schools Lucille Moore

Middle Schools Jinks

High Schools Bay

Others

Tax ID 29030-000-000

Special Listing Condition Listed As-Is

Listed by CENTURY 21 Commander Realty

Nearby Locations

Shantel Peterson

"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

shell@dreamlifeagents.com

Niceville, Florida 32578, USA

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3533 W Highway 98