8406 Panama City Beach Parkway, Panama City Beach, FL 32407
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Priced at Only: $3,985,000
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Address: 8406 Panama City Beach Parkway, Panama City Beach, FL 32407
Property Location and Similar Properties
- MLS#: 776552 ( CommercialSale )
- Street Address: 8406 Panama City Beach Parkway
- Viewed: 2
- Price: $3,985,000
- Price sqft: $316
- Waterfront: No
- Year Built: 1984
- Bldg sqft: 12622
- Days On Market: 6
- Additional Information
- Geolocation: 30.1898 / -85.78
- County: BAY
- City: Panama City Beach
- Zipcode: 32407
- Subdivision: No Named Subdivision
- Elementary School: Breakfast Point
- Middle School: Breakfast Point
- High School: Arnold
- Provided by: Gulf Life Real Estate Inc
- DMCA Notice
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DescriptionA 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.Why the discount? 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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Building and Construction
- Covered Spaces: 0.00
- Living Area: 0.00
- Roof: Metal
School Information
- High School: Arnold
- Middle School: Breakfast Point
- School Elementary: Breakfast Point
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: CentralAir, Electric
- Heating: Central, Electric
- Sewer: PublicSewer
- Utilities: ElectricityAvailable, SewerAvailable, WaterAvailable
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Pet Deposit: 0.00
- Security Deposit: 0.00
- Trash Expense: 0.00
Other Features
- Legal Description: G C 2ND ADD BEG 460'W & 439.29' S. OF NE COR OF SEC. TH; S 250' W 200.35' N 250' E 200' TO POB ORB 4474 P 887
- Levels: One
- Area Major: 03 - Bay County - Beach
- Occupant Type: Occupied
- Parcel Number: 27904-010-000
- Possible Use: Commercial
- The Range: 0.00
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- Mobile: 561.201.4476
- dennisdialsells@gmail.com