Seize the opportunity to own a premier commercial property situated on a high traffic corner lot along the bustling Highway 98 in Panama City. With 125 feet of prime frontage and a substantial property depth of 300 feet, this CG 2 zoned lot is located in one of the highest volume traffic count areas, boasting an average daily traffic count of close to 40,000. The site covers a little under 1 acre and offers unparalleled visibility and accessibility for any business. The property features a well appointed lounge interior with a stunning 30 foot solid wood bar that is stained, sealed, and fully equipped with all necessary amenities. The inviting bar area is complemented by an assortment of stools, chairs, and tables, as well as seven TVs of various sizes, and bar equipment, making it ideal for a vibrant social setting. The exterior deck area, spanning 1,184 square feet, offers a versatile space for outdoor events or dining. This property also boasts modern infrastructure with significant recent upgrades: the roof was replaced in 2018, one air conditioning unit was replaced in 2021, and the other in 2023. Additionally, the main waterline and sewer line to and from the building were replaced in 2022. This could be an unbelievable redevelopment site, as the majority of the property is cleared. Perfect for retail, office, or service oriented businesses seeking a high profile location with substantial amenities, this is a prime opportunity to enhance your business presence in a thriving commercial area.
Seize the opportunity to own a premier commercial property situated on a high traffic corner lot along the bustling Highway 98 in Panama City. With 125 feet of prime frontage and a substantial property depth of 300 feet, this CG 2 zoned lot is located in one of the highest volume traffic count areas, boasting an average daily traffic count of close to 40,000. The site covers a little under 1 acre and offers unparalleled visibility and accessibility for any business. The property features a well appointed lounge interior with a stunning 30 foot solid wood bar that is stained, sealed, and fully equipped with all necessary amenities. The inviting bar area is complemented by an assortment of stools, chairs, and tables, as well as seven TVs of various sizes, and bar equipment, making it ideal for a vibrant social setting. The exterior deck area, spanning 1,184 square feet, offers a versatile space for outdoor events or dining. This property also boasts modern infrastructure with significant recent upgrades: the roof was replaced in 2018, one air conditioning unit was replaced in 2021, and the other in 2023. Additionally, the main waterline and sewer line to and from the building were replaced in 2022. This could be an unbelievable redevelopment site, as the majority of the property is cleared. Perfect for retail, office, or service oriented businesses seeking a high profile location with substantial amenities, this is a prime opportunity to enhance your business presence in a thriving commercial area.
Features
Building and Construction
Covered Spaces: 0.00
Flooring: Carpet, Tile
Living Area: 2016.00
Roof: Composition, Pitched, Shingle
School Information
High School: Bay
Middle School: Jinks
School Elementary: Lucille Moore
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
Sewer: PublicSewer
Utilities: 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: 6 4S 14W -69.2- 55A BEG INT OF E LI FRIENDSHIP AV & S RW LI 15TH ST E 125' S 300' W 125' N 300' TO POB ORB 4428 P 833
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