$2,600,000
Panama City Beach, FL 32413
MLS# 722101
Status: Sold
6750 sqft
1 / 13
Property Description
Last large parcel within walking distance approximately 400 feet to Pier Park. Beach access directly across from the property. This property consists of four lots within two parcels. Zoning is T-3 for this property and there is 200 feet of road frontage on Front Beach Road with ocean views. There is access to the whole property on the back from a residential street.The commercial zoning allows multi-use for almost everything: townhomes, condos (possibly 12), motel, retail, etc. Zoning allows for three stories with 35 foot height from the center elevations of the road to the top ceiling. Land is very level, so there appears to be very little fill needed. Now, with all the extensive building going on with homes on the west end of the Beaches, the value is obviously in the land BUT currently
Details
Maps
Contract Info
List Date: 2022-02-02
List Price: $3,200,000
List Price/SqFt: 474.07
Current Price: $2,600,000
Sub-Type: Income Producing
Location
Area: 03 - Bay County - Beach
Street #: 16422
Street Name: Front Beach
Street Suffix: Road
State: FL
Zip Code: 32413
County: Bay
Sub Area: 0320 - Beach - Middle Central
Lot: 7,8,9,10
Block: C
Subdivision: Lullwater Beach
Community/Resort: None
Waterfront: No
Parcel ID: 33680-000-000
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: Heading west down Front Beach Road just 400+ feet past Pier Park on the North side of the Road.
Legal Description: LULLWATER BEACH 2ND PLAT LOTS 7, 8, 9 ORB 1085 P 1580 ORB 1099 P 1903 BLK C ORB 2677 P 1973
General Property Info
List Class: Bar/Restaurant
Immediate Occupancy: Yes
Construction Status: Under Construction
# of Stories in Building: 2
Site Dimensions: 200x120
Acreage: 0.55
Frontage Ft: 200
Lot Depth: 120
Lot SqFt: 24000
SqFt HVAC: 6750
SqFt Retail: 5100
SqFt Tot Bldg: 6750
Year Built: 1966
Status Change Info
Status: Sold
Under Contract Date: 2022-02-16
Sold Date: 2022-03-30
Sold Price: $2,600,000
Sold Price/SqFt: 385.19
Sold Price/Acre: 4727272.73
Land
Property Type: Commercial
Property Features
Energy: AC - Central Elect; Ceiling Fans
Financing: Cash; Conventional
Present Zoning: General Commercial; Resid Multi-Family
Site Description: Cleared
Utilities: All Utilities
Waterview: Gulf
Supplements
on the property is a 6000 square foot building that has multiple business opportunities. First floor is retail that was an ice cream shop and bar/lounge. New front facade with stacked stone, travertine and stucco finish on block walls as the front appearance. You could actually sell off the two lots and still have parking for the remaining businesses both street front, side and behind the business. The second floor is residential and was remodeled in just the last few years with new sunning deck, new back roof, Plantation and Bahama shutters, extensive security system covering all the property, new electrical and many upscale items. SO, opportunities abound on this property and the value is definitely here for the right buyer.
Listing Office: Top Producers Real Estate Ctr
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.