$1,250,000
Panama City Beach, FL 32413
MLS# 637043
Status: Sold
16200 sqft
1 / 12
Property Description
Great Opportunity to own income producing property on the beach in the only zoned industrial subdivision on the beach. Property consist of three separate buildings with each building being approximately 5,000 SF on over two acres of land with 450' of frontage. Plus, the buildings are all leased to quality tenants on long term leases with increases. Rent roll available subject to confidentiality agreement.
Details
Maps
Contract Info
List Price/SqFt: 92.59
List Date: 2015-10-05
List Price: $1,500,000
Current Price: $1,250,000
Sub-Type: Income Producing
Location
Sub Area: 0322 - Beach - North West
Community/Resort: None
Elementary School: West Bay
Middle School: Surfside
High School: Arnold
Directions: From Hwy 79, Travel West 2.5 miles to Ashley Drive, the 2nd Entrance into Beach Commerce Park, just Past Ace Home Helpers. Than, go North or Right and first set of buildings on left. Directly behind McNeil Carroll Engineering office.
Area: 03 - Bay County - Beach
Street #: 17842
Street Name: ASHLEY
Street Suffix: Drive
State: FL
Zip Code: 32413
County: Bay
Subdivision: Beach Commerce Park
Parcel ID: 38324-501-000
Legal Description: BEACH COMMERCE PARK PH 1A 20 LOT 1 & PCL DESC AS: COM AT INTERSECT OF THE NLY R/W LINE SR #30A WITH W LINE OF SEC 12 N 259.41' FOR POB TH CONT N 195.59' TO SW COR OF LOT 1 E 271.10' TO NWLY R/W OF ASHLEY DR SWLY 121.34' SWLY 118.32' W 135.25' TO POB ORB 2265 P 313 ORB 2868 P 1395
General Property Info
List Class: Commercial
Acreage: 2.13
Immediate Occupancy: No
Construction Status: Construction Complete
# of Units: 5
SqFt Unit: 16000
SqFt HVAC: 16200
Frontage Ft: 450
SqFt Tot Bldg: 16200
Association Fee: 350
Association Fee Per: Quarterly
Year Built: 2006
Listing Info, Tax and Legal
HOA Fee: Yes
HOA Amount: 350
HOA Frequency: Quarterly
Remarks & Misc
Remarks: Great Opportunity to own income producing property on the beach in the only zoned industrial subdivision on the beach. Property consist of three separate buildings with each building being approximately 5,000 SF on over two acres of land with 450' of frontage. Plus, the buildings are all leased to quality tenants on long term leases with increases. Rent roll available subject to confidentiality agreement.
Status Change Info
Sold Price/SqFt: 77.16
Sold Price/Acre: 586854.46
Status: Sold
Under Contract Date: 2016-03-18
Sold Date: 2016-05-27
Sold Price: $1,250,000
Construction/Siding
Floor - Concrete: 1
Foundation - Slab on Grade: 1
Roof - Metal: 1
Siding - Metal: 1
Financing
Cash: 1
Conventional: 1
Present Zoning
City: 1
Industrial Light: 1
Utilities
All Utilities: 1
Business/Property
Anchor Tenant: 1
Freestanding Building: 1
Floors in Unit/Home
One: 1
Heating/Cooling
AC - HVAC: 1
Income Producing
Year Built: 2006
Building SqFt: 16200
Price P/SqFt: 94
Annual Gross Income: 109000
Expenses: 16000
Net Operating Income: 93000
Cap Rate: 6.2
Property Type: Office
Offering Type
Sale Only: 1
Site Description
Aerials Available: 1
Corner Location: 1
Landscaped: 1
Transport. Access
2-Lane: 1
4-Lane: 1
City Road: 1
Near Airport: 1
Paved: 1
Property Features
Financing: Cash; Conventional
Offering Type: Sale Only
Present Zoning: Industrial Light
Site Description: Aerials Available; Corner Location; Landscaped
Utilities: All Utilities
Listing Office: Counts Real Estate Group Inc
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.