$6,400,000
Panama City Beach, FL 32413
MLS# 717989
Status: Sold
33823 sqft
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Property Description
**Class A Building**Great cash-flowing investment. Nautilus Pointe is a 5 Star, Class A Professional Office Building strategically placed at the intersection on Panama City Beach Pkwy (HWY 98) and Nautilus. This building is conveniently located near other businesses ,Panama City Beach government buildings and about a 20 minute drive to the Northwest Florida Beaches International Airport. This cash-flowing building has both long and short term tenants resulting in a 93% occupancy rate. The upscale building has unlimited potential, having the flexibility to be utilized for multiple purposes and attract other professional business to the area. Roof terrace, elevator, back up generator and plenty of parking are just a few of the features this building offers. Call to set up an appointment!
Details
Maps
Contract Info
List Date: 2021-10-15
List Price: $6,700,000
List Price/SqFt: 198.09
Current Price: $6,400,000
Sub-Type: Income Producing
Location
Area: 03 - Bay County - Beach
Street #: 14101
Street Name: Panama City Beach
Street Suffix: Parkway
State: FL
Zip Code: 32413
County: Bay
Sub Area: 0320 - Beach - Middle Central
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 33803-005-040
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: From the Panama City Hathaway Bridge head west on 98 toward Panama City Beach. Once you get to the intersection of HWY 98 and Nautilus St. Go through the intersection and take immediate left into the parking lot. The Nautilus building is direction across the street from the Busy Bee.
Legal Description: 21 3S 16W -1.15- 37C COM AT SE COR TH W 2129.3' TO W R/W NAUTILUS ST TH NELY ALG R/W 1414.85' TH CONT NELY 111.12 TH NWLY 45.05' FOR POB TH CONT NWLY 374.11' TH NELY 310.27 TO S R/W NAUTILUS CT TH SELY 359.57' SWLY 310.55' TO POB ORB 2560 P 1998
General Property Info
List Class: Commercial
Construction Status: Construction Complete
Acreage: 2.51
SqFt Tot Bldg: 33823
Year Built: 2008
Status Change Info
Status: Sold
Under Contract Date: 2022-03-03
Sold Date: 2022-05-31
Sold Price: $6,400,000
Sold Price/SqFt: 189.22
Sold Price/Acre: 2549800.8
Income Producing
Year Built: 2008
Cap Rate: 8.01
Property Type: Office
Other
Vacancy Rate: 6.8
Property Features
Energy: AC - 2 or More; AC - Central Elect; Heat - Central Electric; Water Heater - Electric
Financing: Cash; Conventional; Exchange
Offering Type: Real Estate; Sale Only
Other Structures: Gazebo
Pricing Type: Sale Price
Present Zoning: Commercial
Project Facilities: Security-Lights
Sale Type: As Is
Site Description: Corner Location; Landscaped; Survey
Utilities: All Utilities; Electric 220/240; Public Sewer - Connected; Water Connected
Listing Office: Coldwell Banker Carroll Realty
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.