$330,000
Panama City Beach, FL 32407
MLS# 754127
Status: Sold
2076 sqft

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Property Description
NEW ROOF installed BEFORE closing at NO COST to buyer. Buyer may choose roof color with accepted offer. Many updates including 2 warrantied Air conditioners, updated plumbing and a new improved price. HIgh Visibility Commercial property in the tourist district of Panama City Beach. 120+/- feet of frontage to Hutchison Blvd. Zoned CH, High Intensity Commercial. CH Zoning allows for high density and high intensity. Allowed uses per Panama City Beach Zoning include retail, bar, restaurant, office, shop and much more. Block structure has Over 2,000 square feet under roof, 1,456 heated/cooled square footage plus an attached covered carport, storage closet and a large covered patio. Located right down the street from the new Margaritaville Beach Cottages and Resort. Only 150 yards to public beach access. Walking distance to many great attractions, shopping and dining. This property may be configured for many other uses. The existing structure is currently set up as a duplex. Plan your future development here. You choose: Rent it out immediately: Short or long term; re-purpose this building for your use-case; or start from scratch and build it up to your specific needs. Recent upgrades to roof, HVAC, electrical and more. Call today and see this for your self. All information listed here is deemed reliable but must be verified. Buyer is expected to verify all important details including measurements, features, zoning requirements, conditions and more.
Details
Maps
Contract Info
List Date: 2024-03-12
List Price: $369,900
List Price/SqFt: 178.18
Current Price: $330,000
Sub-Type: Other
Location
Area: 03 - Bay County - Beach
Street #: 613
Street Name: Azalea
Street Suffix: Street
State: FL
Zip Code: 32407
County: Bay
Sub Area: 0320 - Beach - Middle Central
Lot: 20
Block: 19
Subdivision: Bahama Beach
Community/Resort: None
Waterfront: No
Parcel ID: 34408-000-000
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: Corner of Hutchison Blvd and Azalea St.
Heading East From Hwy 79, stay left to Middle Beach Rd. 2nd Street on the left. First property on the right.
Legal Description: BAHAMA BEACH LOT 20 BLK 19 ORB 4653 P 552
General Property Info
List Class: Other
Immediate Occupancy: Yes
Construction Status: Construction Complete
# of Units: 2
SqFt Unit: 2076
# of Stories in Building: 1
Site Dimensions: 60x120
Acreage: 0.17
Frontage Ft: 120
Lot Depth: 60
Lot SqFt: 7200
SqFt HVAC: 1476
SqFt Tot Bldg: 2076
Year Built: 1956
Status Change Info
Status: Sold
Under Contract Date: 2025-07-31
Sold Date: 2025-08-18
Sold Price: $330,000
Sold Price/SqFt: 158.96
Sold Price/Acre: 1941176.47
Income Producing
Property Type: Multi-Family
Land
Property Type: Commercial
Property Features
Energy: AC - Central Elect; Ceiling Fans; Heat - Central Electric; Water Heater - Electric
Financing: Cash; Conventional
Offering Type: Sale Only
Pricing Type: Sale Price
Present Zoning: Commercial; Other - See Remarks
Sale Type: As Is
Utilities: Electricity - Connected; Internet - Broadband Available; Public Sewer - Connected; Water Connected
Listing Office: Think Real Estate
Last Updated: August - 19 - 2025
Information deemed reliable but not guaranteed.