$775,000
Panama City, FL 32401
MLS# 658062
Status: Sold
11798 sqft
1 / 18
Property Description
This unique real estate opportunity in Historic Downtown Panama City is located at the gateway to the Panama City Marina.The Developers plan is to rebuild the Marina with 236 boat slips, an outlet mall and two residential towers. The Developers initial investment will exceed $300mm. The corner is currently occupied by the LaRoyale Lounge, the next space is the Courtyard where people come to meet and drink, then the Fiesta Room & Lounge that is designed for shows of every nature. Cassandra's Restaurant and the taxi stand are both money makers as they are both rented.Above the restaurant is the old Marie's Beauty Shoppe, this space has been redone and is ready to rent. There is a 4 COP license that is for sale. The owner is willing to offer financing with a substantial down payment.
Details
Maps
Contract Info
List Price/SqFt: 84.72
List Date: 2017-04-27
List Price: $999,500
Current Price: $775,000
Sub-Type: Other
Location
Sub Area: 0203 - Bay - Central SW
Community/Resort: None
Waterfront: No
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: From Hwy 98 (15th Street) turn South on Harrison Ave., the property is located on the Northeast Corner of Harrison Ave and Beach Dr.
Area: 02 - Bay County - Central
Street #: 100
Street Name: HARRISON
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 19652-000-000
Legal Description: GCD PLAT LOT 1 BLK 12 MAP 92D1 ORB 378 P 105 ORB 518 P 99
General Property Info
List Class: Bar/Restaurant
Site Dimensions: 180 x 100
Acreage: 0.41
Immediate Occupancy: Yes
Possession Date: June 15th
Construction Status: Construction Complete
SqFt Unit: 11798
Frontage Ft: 180
SqFt Tot Bldg: 11798
Land Lease P/Year: 0
Lot Depth: 100
Ceiling Height: 10
CAM Area Fee: 0
Year Built: 1911
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: This unique real estate opportunity in Historic Downtown Panama City is located at the gateway to the Panama City Marina.The Developers plan is to rebuild the Marina with 236 boat slips, an outlet mall and two residential towers. The Developers initial investment will exceed $300mm. The corner is currently occupied by the LaRoyale Lounge, the next space is the Courtyard where people come to meet and drink, then the Fiesta Room & Lounge that is designed for shows of every nature. Cassandra's Restaurant and the taxi stand are both money makers as they are both rented.Above the restaurant is the old Marie's Beauty Shoppe, this space has been redone and is ready to rent. There is a 4 COP license that is for sale. The owner is willing to offer financing with a substantial down payment.
Status Change Info
Sold Price/SqFt: 65.69
Sold Price/Acre: 1890243.9
Status: Sold
Under Contract Date: 2017-05-10
Sold Date: 2017-08-17
Sold Price: $775,000
Financing
Cash: 1
Conventional: 1
Present Zoning
Other - See Remarks: 1
Sale Type
As Is: 1
Business Only
Year Built: 1911
Building SqFt: 11798
Floors in Unit/Home
Two: 1
Heating/Cooling
AC - Central: 1
Pricing Type
Sale Price: 1
Transport. Access
2-Lane: 1
City Road: 1
Property Features
Financing: Cash; Conventional
Pricing Type: Sale Price
Present Zoning: Other - See Remarks
Sale Type: As Is
Listing Office: ERA Neubauer Real Estate Inc
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.