$6,200,000
Panama City Beach, FL 32413
MLS# 711244
Status: Sold
42910 sqft
1 / 51
Property Description
Successful turn-key retail furniture and accessories business for sale located on Panama City Beach Parkway (a/k/a U.S. Highway 98) with Average Daily Traffic count of 52,000. This transaction includes the real estate (building,1.56 acres, Shore House Furniture business, inventory, equipment, & goodwill. A premium retail location just one 1.5 miles from Pier Park. The 42,910 square foot steel building has above average finishes with over 26,000 square feet of retail/showroom space on two floors. The building also includes over 16,000 square feet of storage/warehouse with existing HVAC ductwork. Features include: 3 phase power, 277-480V with 1,000 AMP main, passenger/customer elevator, 42 parking spaces, and two 12' x 14' street level loading bays, 3 box trucks, and fork lift.
Details
Maps
Contract Info
List Date: 2021-04-26
List Price: $6,500,000
List Price/SqFt: 151.48
Current Price: $6,200,000
Sub-Type: Income Producing
Location
Area: 03 - Bay County - Beach
Street #: 14301
Street Name: Panama City Beach Pkwy.
Street Suffix: Parkway
State: FL
Zip Code: 32413
County: Bay
Sub Area: 0320 - Beach - Middle Central
Business Name: Shore House Furnitur
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 33803-005-015
Section: 21
Township: 3S
Range: 16W
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: Heading West on Us Highway 98, also known as Panama City Beach Parkway, building is located just just West of Nautilus Street on the South side of the Parkway.
Heading East on Panama City Beach Parkway, property is located on the South Side of the Parkway just 1.4 miles East of Pier Park Drive.
Legal Description: 21 3S 16W -1.11- 37C COM AT SE COR OF SEC W 2129.30 NELY 1414.85' NWLY 824.39 NELY 111' FOR POB TH NWLY 200 NELY 310.36' SELY 200' SWLY 310.33' TO POB ORB 2383 P 1133 **AND** COM AT NE COR OF BID-A-WEE BCH 1ST ADD AKA SE COR OF SEC TH W 2129.30' NELY 1414.85' NWLY 824.39' NELY 111' NWLY 200 FOR POB TH NWLY 10' NELY 310.37' SE LY 10' SWLY 310.36 TO POB ORB 3297 P 1122
General Property Info
List Class: Commercial
Immediate Occupancy: No
Construction Status: Construction Complete
# of Units: 1
# of Stories in Building: 2
Site Dimensions: Approximately 200' x 310'
Acreage: 1.56
Frontage Ft: 220
Lot Depth: 315
Lot SqFt: 69300
SqFt HVAC: 26555
SqFt Retail: 42910
SqFt - Workarea: 42910
SqFt Tot Bldg: 42910
Year Built: 2005
Association Fee Per: Yearly
Status Change Info
Status: Sold
Under Contract Date: 2022-04-15
Sold Date: 2022-06-07
Sold Price: $6,200,000
Sold Price/SqFt: 144.49
Sold Price/Acre: 3974358.97
Retail
Year Built: 2005
Building SqFt: 42910
Property Type: Freestanding
Property Features
Accessibility Features: Accessible Doors; Accessible Elevator Installed; Accessible Entrance; Accessible Hallway(s)
Energy: AC - 2 or More; Water Heater - Electric
Financing: Cash; Conventional
Offering Type: Business Name; Good Will; Real Estate; Sale Only; Sale with Lease; Trade Name
Pricing Type: Sale Price
Present Zoning: Commercial; Office/Prof
Site Description: Aerials Available; Landscaped; Level; Site - Plan; Survey
Utilities: All Utilities; Electric-3 Phase; Natural Gas - Available; Internet - Broadband Available; Public Sewer - Connected; Water Connected; Underground Utilities
Supplements
There are several sources of income which include generous owner/operator salaries, rental income from two tenants, and rental income from the LLC
Three delivery trucks and forklift included, two Isuzu 18' box trucks and one Ford 16' box truck...all diesel.
Listing Office: Counts Real Estate Group Inc
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.