$1,060,000
Panama City Beach, FL 32413
MLS# 621826
Status: Sold
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Property Description
Fabulous commercial opportunity with county approved plans for Mixed Use Commercial-4,195 sq ft Restaurant, and 16,635 commercial office! 240 feet of Highway 98 Frontage. Inlet Beach is booming with commercial development! Currently, there is a popular 3000 sq ft restaurant building on the property. This price includes contiguous parcel #-1670 which is needed for the intended Mixed Use commercial building as planned. The current business name, ''The Spicy Noodle Restaurant'' does not convey with purchase, however the building and business does if desired. The seller owns The Spicy Noodle Restaurant and would consider negotiating a lease-back of the restaurant building from the buyer until development commenced. This property is prime commercial real estate with over 240 feet on
Details
Maps
Contract Info
List Date: 2014-07-03
List Price: $1,100,000
Current Price: $1,060,000
Sub-Type: Other
Location
Area: 12 - Walton County
Street #: 13667
Street Name: Emerald Coast
Street Suffix: Parkway
State: FL
Zip Code: 32413
County: Walton
Sub Area: 1207 - Walton - Inlet Beach
Business Name: SEAVIEW LANDING - RE
Community/Resort: None
Parcel ID: 36-3S-18-16100-000-1660
Directions: From Panama City Beach on 98 driving west, cross into Walton county and property is on the right about 1/2 mile into Walton County just before Rosemary Beach. From Hwy 331 and Hwy 98, travel East on Hwy 98 (Emerald Coast Pkwy) approximately 14.5 miles. Property is on the North side of Hwy 98 in Inlet Beach, a few blocks east of the intersection of the east.
Legal Description: Lot 166 S/D of SEC 36-3S-18W or 1434-74
General Property Info
List Class: Commercial
Immediate Occupancy: No
Construction Status: Construction Complete
Site Dimensions: 240X230X300X160
Acreage: 1.27
Frontage Ft: 2240
Year Built: 1988
Listing Info, Tax and Legal
HOA Fee: No
Status Change Info
Status: Sold
Under Contract Date: 2014-10-14
Sold Date: 2014-10-14
Sold Price: $1,060,000
Sold Price/Acre: 834645.67
Property Features
Business/Property: Furnished - Some; Kitchen Area; License - Beer & Wine; Restrooms - Public; Seating Up to 199
Financing: Cash; Conventional
Pricing Type: Sale Price
Present Zoning: General Commercial
Project Facilities: Other - See Remarks
Site Description: Site - Plan
Transport. Access: 4-Lane; Divided Highway; Near Airport; Paved
Supplements
Highway 98. The termination of the main feeder road from the new international airport is only 1 mile away, so the growth potential for this property is phenomenal.
Listing Office: Scenic Sotheby's International Realty
Last Updated: April - 05 - 2016
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.