8406 Panama City Beach Parkway, Panama City Beach, FL 32407
- $3,985,000
- List Price
- $3,985,000
- Status
- ACTIVE
- MLS#
- 776552
- Subtype
- Commercial Sale
- Year Built
- 1984
- Lot Size
- 130,680
- Acres
- 3
- Subdivision
- No Named Subdivision
- Neighborhood
- Beach - North Central
- MLS Area Major
- Bay County - Beach
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!
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Additional Information
- Zoning
- General Commercial
- Heating
- Central, Electric
- Exterior Construction
- Wood Frame
- Roof
- Metal
- Parking
- Paved
- Elementary School
- Breakfast Point
- Middle School
- Breakfast Point
- High School
- Arnold
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Listing courtesy of Gulf Life Real Estate Inc.