Address: 8406 Panama City Beach Parkway, Panama City Beach, FL 32407
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!
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!
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 0.00
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
Parking Features: Paved
Utilities
Carport Spaces: 0.00
Heating: Central, Electric
Sewer: PublicSewer
Utilities: SewerAvailable
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
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