$210,000
Panama City, FL 32401
MLS# 741145
Status: Sold
10228 sqft
1 / 9
Property Description
Great location with the ever booming downtown Panama City. With all the new businesses coming in, this will be a diamond in the rough. Currently being used for a hotel but it can be almost any type of business.
Details
Maps
Contract Info
List Price/SqFt: 95.33
List Date: 2023-05-05
List Price: $975,000
Current Price: $210,000
Sub-Type: Hotel/Motel
Location
Sub Area: 0203 - Bay - Central SW
Community/Resort: None
Waterfront: No
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: Harrison Ave and 6th St., turn left on Magnolia Ave. Hotel on the left.
Area: 02 - Bay County - Central
Street #: 545
Street Name: Magnolia
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Subdivision: [No Recorded Subdiv]
Parcel ID: 19751-000-000
Legal Description: GCD PLAT LOTS 11, 12, 13 BLK 20 ORB 1275 P 1523 ORB 1281 P 718 ORB 1324 P 1419 MAP 92D1
General Property Info
List Class: Motel/Hotel
Acreage: 0.44
Construction Status: Construction Complete
# of Units: 28
SqFt Tot Bldg: 10228
Year Built: 1957
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Great location with the ever booming downtown Panama City. With all the new businesses coming in, this will be a diamond in the rough. Currently being used for a hotel but it can be almost any type of business.
Status Change Info
Sold Price/SqFt: 20.53
Sold Price/Acre: 477272.73
Status: Sold
Under Contract Date: 2023-09-13
Sold Date: 2023-10-05
Sold Price: $210,000
Office
Year Built: 1957
Building SqFt: 500
Construction/Siding
Roof - Flat: 1
Siding - Masonite: 1
Energy
AC - Window/Wall: 1
Heat - Wall/Window: 1
Financing
Cash: 1
Conventional: 1
Present Zoning
City: 1
Resid Multi-Family: 1
Utilities
TV Cable: 1
Electricity - Connected: 1
Garbage: 1
Public Sewer - Connected: 1
Water Connected: 1
Sale Type
As Is: 1
Business Only
Year Built: 1957
Building SqFt: 5612
Business/Property
Furnished - Some: 1
Laundry Facilities: 1
Living Quarters: 1
Floors in Unit/Home
Two: 1
Heating/Cooling
AC - Window Unit(s): 1
Hotel/Motel
Year Built: 1957
Building SqFt: 5612
# of Rooms: 28
Avg % Occupancy: 95
Transport. Access
2-Lane: 1
Property Features
Energy: AC - Window/Wall; Heat - Wall/Window
Financing: Cash; Conventional
Present Zoning: Resid Multi-Family
Sale Type: As Is
Utilities: Electricity - Connected; Garbage; Public Sewer - Connected; Water Connected; TV Cable
Listing Office: Realty One of Northwest Florida LLC
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.