510 E 23rd Street
Panama City, FL 32405
MLS# 601644
Status: Sold

510 E 23rd Street, Panama City, FL 32405
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510 E 23rd Street, Panama City, FL 32405

Property Description
34.5+/- Acres - Southwest Corner of Highway 77 and 23rd Street. The most prime commercial location in Panama City - Bay County, Florida. The site every major retailer and developer has tried to purchase. Never before offered on the open market. The highest traveled commercial corridors in the market. Traffic signals at 23rd Street and Highway 77 and Wilson Avenue. Across from Panama City Mall (Sears, Penney's, Dillards, etc.) Target, Lowes, Home Depot, near hospitals, doctors, hotels, restaurants and banks. 34.5+/- Acres - 1,263+/- feet on 23rd Street; 1,095+/- feet on Highway 77; 1,244+/- feet on Wilson Avenue; 1,273+/- feet on the south. Zoning - General Commercial (C-2) - City of Panama City. Utilities - water and sewer - City of Panama City; Traffic Count - 32,500 - 23rd

Contract Info
List Date: 2012-08-13
List Price: $12,500,000
List Price/Acre: 362318.84
Current Price: $7,750,000
Sub-Type: Land/Acres
Location, Tax & Legal
Street #: 510
Street Direction: E
Street Name: 23rd
Street Suffix: Street
State: FL
Zip Code: 32405
County: Bay
Area: 02 - Bay County - Central
Sub Area: 0203 - Bay - Central SW
Subdivision: No Named Subdivision
Community/Resort: None
Parcel ID: 14411-000-000
Elementary School: Patterson
Middle School: Rosenwald
High School: Bay
Legal Description: 34.5+/- Acres; 1.263+/- Ft. on 23rd Street; 1,095+- Ft. on Highway 77; 1,244+/- Ft. on Wilson Avenue; 1,273+/- on the south. Bay County Florida Parcel Numbers - 14411-010-000; 14414-000-000; 14411-000-000; 14425-000-000; 14411-005-000; 14411-006-000; 14411-007-000; 14412-000-000; less strip south of and adjacent to Luigi's BG Pasta and Pizza.
HOA Fee: No
General Property Info
Acreage: 34.5
Frontage Feet: 1263
Status Change Info
Status: Sold
Under Contract Date: 2014-04-15
Sold Date: 2015-01-26
Sold Price: 7750000
Sold Price/Acre: 224637.68
Property Features
TransportationAccess: 4 - Lane; Bus Service; Center Turn Lane; City Road
Financing: Cash; Conventional
Lot/Parcel Access: City Road
Lot Features: Aerials/Topo Available; Corner; Other - See Remarks
Utilities: Electric On Site
Present Zoning: Commercial
Street; 24,000 - Highway 77 (F.D.O.T. 2011). 23rd Street and Highway 77 are four lanes plus center turn lane - no medians. The site was previously utilized as a homestead and the family's auto salvage business for decades (closed 2010). The property is being sold as is where is, without representations or warranties from seller. The seller reserves the right but not the obligation to remove any real or personal property prior to closing.

Listing Office: Counts Real Estate Group

Last Updated: February - 06 - 2021

Information deemed reliable but not guaranteed.

Sunday 11th of April 2021 10:29 AM