$2,300,000
Panama City Beach, FL 32408
MLS# 742839
6985 sqft
1 / 49
Property Description
Attention INVESTORS, BUILDERS, AND ENTREPRENEUR'S, Look no further, this property is for YOU! Zoned C1-Neighborhood Commercial, this .95 acre parcel, with a beautiful GULF VIEW, Includes 7 lots total with 100 feet of frontage on Thomas Drive, extending through 235 feet to Beach Dr., then 250 feet on beach Drive, and 115 feet on Upas Street. It is located 800 feet from the Gulf of Mexico in a highly visible and popular area surrounded by condos, restaurants, public beach access, and area attractions. This zoning allows for multiple options and would be a great investment for a builder with 15 units/acre density, maximum building height not to exceed 35 feet, 60% impervious, floor area ratio 100%, minimum lot frontage of 70 feet, front and rear setbacks are set at 20 feet and side setbacks at 5 feet. The sales consist of 7 lots, 6985 sq.ft., 3 upstairs office/storage rooms, building, sign, real estate, and if you are thinking of keeping the store, inventory is even negotiable. The current owners have done a lot to this building since purchasing it as a shell with limited improvements. They have completely updated the building including the build-out, and replaced the air conditioning unit. Previous business was a bar/restaurant. You cannot beat this location as its in the heart of Panama City Beach, surrounded by high-rise condos and beach houses. Although you are only 800 feet to the beautiful Gulf-of-Mexico, this property is not in a flood zone! Do not let this opportunity pass by. If this sounds like the investment you have been looking for, setup a private showing before your dream of owning this fantastic property becomes someone else's reality! Age, Sq.Ft., dimensions, or any important information to the buyer must be verified via a personal or professional inspection.
Details
Maps
Contract Info
List Date: 2023-06-16
List Price: $2,300,000
List Price/SqFt: 329.28
Current Price: $2,300,000
Sub-Type: Income Producing
Location
Area: 03 - Bay County - Beach
Street #: 6908
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 - Beach - South of Grand Lagoon
Lot: multiple
Block: R
Subdivision: Holiday Beach Unit 10
Community/Resort: Holiday Beach
Waterfront: No
Parcel ID: 30766-010-000
Section: 8
Township: 4s
Range: 15W
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Head east on Thomas Drive. When you get to Upas St. on the left, turn left and you can access the property shortly after on the right. If coming West on Thomas, you can turn right into the parking lot, right before Upas St.
Legal Description: HOLIDAY BEACH UNIT #10 LOTS 4, 5, 20, 21, 22,23 & 24 BLK R ORB 4487 P 73
General Property Info
List Class: Retail Store
Construction Status: Construction Complete
Acreage: 0.95
SqFt HVAC: 6020
SqFt Tot Bldg: 6985
Year Built: 1979
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Attention INVESTORS, BUILDERS, AND ENTREPRENEUR'S, Look no further, this property is for YOU! Zoned C1-Neighborhood Commercial, this .95 acre parcel, with a beautiful GULF VIEW, Includes 7 lots total with 100 feet of frontage on Thomas Drive, extending through 235 feet to Beach Dr., then 250 feet on beach Drive, and 115 feet on Upas Street. It is located 800 feet from the Gulf of Mexico in a highly visible and popular area surrounded by condos, restaurants, public beach access, and area attractions. This zoning allows for multiple options and would be a great investment for a builder with 15 units/acre density, maximum building height not to exceed 35 feet, 60% impervious, floor area ratio 100%, minimum lot frontage of 70 feet, front and rear setbacks are set at 20 feet and side setbacks at 5 feet. The sales consist of 7 lots, 6985 sq.ft., 3 upstairs office/storage rooms, building, sign, real estate, and if you are thinking of keeping the store, inventory is even negotiable. The current owners have done a lot to this building since purchasing it as a shell with limited improvements. They have completely updated the building including the build-out, and replaced the air conditioning unit. Previous business was a bar/restaurant. You cannot beat this location as its in the heart of Panama City Beach, surrounded by high-rise condos and beach houses. Although you are only 800 feet to the beautiful Gulf-of-Mexico, this property is not in a flood zone! Do not let this opportunity pass by. If this sounds like the investment you have been looking for, setup a private showing before your dream of owning this fantastic property becomes someone else's reality! Age, Sq.Ft., dimensions, or any important information to the buyer must be verified via a personal or professional inspection.
Status Change Info
Status: Active
Land
Property Type: Commercial
Retail
Building SqFt: 6020
Property Features
Business/Property: Display Windows; Freestanding Building; Furnished - Some; Office Area; Restrooms - Public; Sign; Other - See Remarks
Construction/Siding: Clearance Height 18+ Ft; Floor - Concrete
Energy: AC - Central Elect; Heat - Central Electric; Water Heater - Electric
Floors in Unit/Home: Two
Heating/Cooling: AC - Central; AC - HVAC; AC - Office; Heat - Central Electric; Heat - Office
Offering Type: Business Name; Real Estate; Other - See Remarks
Present Zoning: Commercial
Sale Type: As Is
Site Description: Aerials Available; Cleared; Level
Utilities: Electricity Connected; Sewer Connected; Water Connected
Waterview: Gulf
Listing Office: Own It Real Estate LLC
Last Updated: December - 26 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.