$825,000
Panama City Beach, FL 32407
MLS# 638968
Status: Sold
4848 sqft
1 / 18
Property Description
BUSINESS IN PARADISE! ONLY 850 FT FROM THE GULF * FULL TURN KEY RESTAURANT IN SAME LOCATION FOR 27 YEARS. SEATING FOR 150, BUSINESS AND REAL ESTATE CONVEY WITH ALL FIXTURES, EQUIPMENT, TABLES CHAIRS, 7 FLAT SCREEN TV'S ETC. NO CAM Charges, TWO COMPLETE BAR AREAS. UNLIMITED PARKING. LOCATED RIGHT IN THE MIDDLE OF THE BUSY FRONT BEACH COORIDOOR SOON TO BE BEAUTIFIED BY THE CRA. 4848 SF FULLY OPERATIONAL RESTAURANT. Sale includes all recipes, Digital Dinning POS System & inventory. all information taken from county tax records. buyer to verify if important. * Will lease to strong tenant for $5900 a month.
Details
Maps
Contract Info
List Date: 2016-01-02
List Price: $850,000
List Price/SqFt: 175.33
Current Price: $825,000
Sub-Type: Income Producing
Location
Area: 03 - Bay County - Beach
Street #: 11208
Street Name: FRONT BEACH
Street Suffix: Road
State: FL
Zip Code: 32407
County: Bay
Sub Area: 0320 - Beach - Middle Central
Business Name: ITALIAN RESTAURANT 2
Subdivision: No Named Subdivision
Community/Resort: None
Parcel ID: 34796-110-000
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: traveling west on Hwy 98 from Hathaway Bridge go about 5 miles to left on Ralph Jackson next to Sonny's BBQ, got to 2nd light and turn left then Left into Edgewater Plaza 1st building on left
Legal Description: 35-3S-16W-20.13- 47C1 BEG 588.46' NW'LY, 235.05' NE'LY & 383.01' NW'LY OF INT E LI GOVT L-1 & N'LY R/W LI US HWY 98 FOR POB, TH CONT NW'LY 70', NE'LY 106.24', S 123.02', SW'LY 5' TO POB ORB 1223 P 546
General Property Info
List Class: Bar/Restaurant
Immediate Occupancy: Yes
Construction Status: Construction Complete
Site Dimensions: 70X106
Acreage: 0.17
Frontage Ft: 70
SqFt HVAC: 4848
SqFt Tot Bldg: 4848
Year Built: 1986
Status Change Info
Status: Sold
Under Contract Date: 2016-02-24
Sold Date: 2016-04-21
Sold Price: $825,000
Sold Price/SqFt: 170.17
Sold Price/Acre: 4852941.18
Income Producing
Building SqFt: 4848
Property Type: Restaurant
Property Features
Energy: AC - 2 or More; AC - Central Elect; Double Pane Windows; Water Heater - Electric
Financing: Cash; Conventional; Seller Financing; Other - See Remarks
Offering Type: Business Name; FF&E; Good Will; Inventory; Real Estate; Sale Only; Trade Name
Pricing Type: Sale Price
Present Zoning: Commercial
Sale Type: As Is
Site Description: Corner Location; Level; Survey
Utilities: Electric-3 Phase; Public Sewer - Connected; Water Connected
Waterview: Gulf; Other - See Remarks
Listing Office: CitiStar Realty
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.