$3,985,000
Panama City Beach, FL 32407
MLS# 776552
12622 sqft
1 / 22
Property Description
A rare opportunity for investors and developers to capitalize on immediate equity and long-term upside. This strategically located property with 200 ft of frontage on high traffic Hwy 98 recently appraised at $4,085,000, yet is being offered for just $3,985,000. Additionally, the current appraisal does not reflect the in-process Development Order (DO) or the significant investment already made toward its approval — specifically for the back 2 acres of the property. Building has the following occupancy: Unit A - (600 Sq.Ft.) Rented, Units B-C (1200 Sq.Ft.) Rented, Units D-E-F (1800 Sq.Ft.) Rented, Unit G (900 Sq.Ft.) Rented, Units H-I + warehouse, (2500 Sq.Ft.) Rented, Units J-K-L + warehouse (owner occupied), Unit M (600 Sq.Ft.) Rented, Unit N (600 Sq.Ft.) Rented! Also, the large billboard pays the building owner $7,500/yr rent. Don't miss this unique opportunity!
Details
Maps
Contract Info
List Date: 2025-07-17
List Price: $3,985,000
List Price/SqFt: 315.72
Current Price: $3,985,000
Sub-Type: Income Producing
Location
Area: 03 - Bay County - Beach
Street #: 8406
Street Name: Panama City Beach
Street Suffix: Parkway
State: FL
Zip Code: 32407
County: Bay
Sub Area: 0321 - Beach - North Central
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 27904-010-000
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: Proceed West from the Hathaway Bridge +/- 1.75 miles on US Hwy 98, bear right onto Panama City Beach Parkway, property on right, or north side of road.
Legal Description: G C 2ND ADD BEG 460'W & 439.29' S. OF NE COR OF SEC. TH; S 250' W 200.35' N 250' E 200' TO POB ORB 4474 P 887
General Property Info
List Class: Commercial
Construction Status: Construction Complete
Acreage: 3
Frontage Ft: 200
Lot Depth: 677
Lot SqFt: 135400
SqFt Tot Bldg: 12622
Year Built: 1984
Status Change Info
Status: Active
Property Features
Energy: AC - Central Elect; Heat - Central Electric
Financing: Cash; Conventional
Present Zoning: General Commercial
Sale Type: As Is
Utilities: Electricity - Connected; Public Sewer - Connected; Water Connected
Listing Office: Gulf Life Real Estate Inc
Last Updated: July - 26 - 2025
Information deemed reliable but not guaranteed.