$575,000
Panama City, FL 32401
MLS# 640417
Status: Sold
47537 sqft
1 / 9
Property Description
Partially renovated, but currently inactive 58 unit Motel for sale in Historic St. Andrew in the heart of Panama City, FL. Located across the street from The Shrimp Boat Restaurant and Marina, the property has views of St Andrews Bay across the Marina on one side and Lake Ware on the other side. The property extends, as a separate .25 Acre parcel (see legal description), into Lake Ware which may add density to a redevelopment plan. Potential redevelopment grant dollars are available through the St. Andrew Community Redevelopment Agency.
Details
Maps
Contract Info
List Price/SqFt: 20.51
List Date: 2016-01-01
List Price: $975,000
Current Price: $575,000
Sub-Type: Hotel/Motel
Location
Sub Area: 0203 - Bay - Central SW
Community/Resort: None
Waterfront: Yes
Business Name: Cabana Motel
Elementary School: Oakland Terrace
Middle School: Jinks
High School: Bay
Directions: From Hwy 98 or 15th Street and Beck Ave go South on Beck Ave. Subject property is on left or East side of Beck Avenue across from the Shrimp Boat Restaurant.
Area: 02 - Bay County - Central
Street #: 1212
Street Name: BECK
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 29993-000-000
Legal Description: #1 Bay County Parcel ID# 29993-000-000: 1 4S 15W NW1/4 LOTS 12,13,14,15 & W 20' LOT 4& W 21' LOT 5 & 6 & N 36' OF W21' LOT 7 BLK 17ORB 3131 P 2384 ORB 3160 P 403 #2 Bay County Parcel ID# 29989-000-000: 1 4S 15W NW1/4 LOTS 5,6 LESS W 21' BLK 17ORB 164 P 546
General Property Info
List Class: Motel/Hotel
Site Dimensions: 234x152
Acreage: 0.81
Immediate Occupancy: Yes
Construction Status: Construction Complete
# of Units: 58
SqFt Unit: 47537
SqFt HVAC: 22500
Frontage Ft: 234
SqFt Tot Bldg: 47537
Lot Depth: 152
Year Built: 1960
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Partially renovated, but currently inactive 58 unit Motel for sale in Historic St. Andrew in the heart of Panama City, FL. Located across the street from The Shrimp Boat Restaurant and Marina, the property has views of St Andrews Bay across the Marina on one side and Lake Ware on the other side. The property extends, as a separate .25 Acre parcel (see legal description), into Lake Ware which may add density to a redevelopment plan. Potential redevelopment grant dollars are available through the St. Andrew Community Redevelopment Agency.
Status Change Info
Sold Price/SqFt: 12.1
Sold Price/Acre: 709876.54
Status: Sold
Under Contract Date: 2016-06-09
Sold Date: 2016-12-05
Sold Price: $575,000
Construction/Siding
Block: 1
Roof - Built-Up: 1
Financing
Cash: 1
Conventional: 1
Present Zoning
Commercial: 1
Association Amenities
Pool: 1
Utilities
All Utilities: 1
Public Sewer - Connected: 1
Water Connected: 1
Waterview
Bay: 1
Pond: 1
Sale Type
As Is: 1
Waterfront Type
Bay/Harbor: 1
Pond w/o Gulf Access: 1
Floors in Unit/Home
Two: 1
Hotel/Motel
Year Built: 1960
Building SqFt: 47537
# of Rooms: 58
Offering Type
Sale Only: 1
Pricing Type
Sale Price: 1
Transport. Access
2-Lane: 1
City Road: 1
Paved: 1
Property Features
Financing: Cash; Conventional
Offering Type: Sale Only
Pricing Type: Sale Price
Present Zoning: Commercial
Sale Type: As Is
Utilities: All Utilities; Public Sewer - Connected; Water Connected
Waterfront Type: Bay/Harbor; Pond w/o Gulf Access
Waterview: Bay; Pond
Listing Office: NAI TALCOR
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.