$1,750,000
Panama City Beach, FL 32408
MLS# 655318
Status: Sold
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Property Description
BANK FORECLOSURE OPPORTUNITY: 40.4 Acre of land in an incredible location with a multitude of possibilities. Approved density is R-5 (multi-family 15 units per acre) with a maximum height of 10 stories along with Approximately 8 acres of C-3 commercial zoning of. High traffic area. Class A Retail fronts most of this property with several national chains anchoring it. LaQunita, UPS, SAKE Sushi House, and many other major restaurants and retailers provide an additional value add to this property. Click on additional pictures for architectural appeal and layout of front retail development. Close proximity to Bay Point, Preserve, St. Andrews State Park, Nationally recognized golf courses (Jack Nicklaus design course)
Details
Maps
Contract Info
Status: Sold
List Date: 2017-02-14
List Price: $1,950,000
Current Price: $1,750,000
List Price/Acre: 48267.33
Location
Street #: 1000
Street Name: THOMAS
Street Suffix: Drive
Area: 03 - Bay County - Beach
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0319 - Beach - East
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 30157-000-0000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Take Hwy 98 W to Intersection of Thomas Drive and Hwy 98. Head S on Thomas Drive to Coastal Palms. Property located on W side of Coastal Palms, behind LaQuinita and other out parcels.
Legal Description: 4/5 4S 15W -6- 69B BEG AT SELY COR OF LOT 8 IN SEC 5 TH W 1320' N 1320' E TO W LINE OF (OLD SHELL RD) THOMAS DR TH SLY ALG R/W TO S LINE LOT 7 SEC 4 TH W TO POB LESS PRCLS LESS -6.8- SUBJ TO CONS ESMT OR 2908 P125 ORB 3186 P 2362
General Property Info
Sub-Type: Vacant Land
Lot Dimensions: multiple
Acreage: 40.4
Status Change Info
Under Contract Date: 2018-01-30
Sold Date: 2018-04-30
Sold Price: $1,750,000
Sold Price/Acre: 43316.83
Property Features
Financing: Cash; Conventional
Lot Access: Paved Road
Sale Type: REO; REO/Foreclosed
Utilities: Electric - On-Site; Public Sewer Available; Water Connected
Present Zoning: Resid Multi-Family
Supplements
Nationally recognized restaurants (Captain Andersons), and the worlds most beautiful beaches. Directly across Thomas Drive is the Naval Surface Warfare Center Panama City Division which employs in excess of 2,000 civilian and military personnel WITH $117 MILLION IN DIRECT PAYROLL. All information estimated and should be verified by seller if important. Boundary survey, topography, recent proposed engineering and marketing and information package available upon request.
Listing Office: Hitchcock Real Estate LLC
Last Updated: October - 01 - 2024
Information deemed reliable but not guaranteed.