$1,300,000
Panama City, FL 32405
MLS# 711803
Status: Sold
9196 sqft
1 / 9
Property Description
GREAT INVESTMENT PROPERTY LOCATED ON WEST 23RD STREET. BUILDING WAS COMPLETELY REBUILT TO LIKE NEW CONDITION AFTER HURRICANE MICHAEL. IT CONSISTS OF 4 UNITS. UNIT 1 IS 1200 SF, UNIT B & C ARE 1800 SF EACH, AND UNIT D IS 2520 SF. ALL ARE LEASED AT $16 PER SF WITH THE EXCEPTION OF UNIT D. IT IS CURRENTLY ACTIVE TO LEASE. THE PARKING LOT WAS ALSO RESURFACED DURING THE REBUILD. PARKING IS AVAILABLE IN FRONT, EAST END, AND AT THE REAR OF THE BUILDING. INCUDED IN THE SALE IS THE VACANT LOT TO THE REAR OF THE BUILDING. IT FRONTS 23RD COURT. ANOTHER BUILDING COULD BE CONSTRUCTED ON THE VACANT LOT. LAND IS 1.3 ACRES. SELLER FINANCING IS OFFERED AT 20% DOWN, 6% INTEREST WITH PAYMENTS BASED ON A 30 YEAR TERM WITH A 10 YEAR BALLOON.
Details
Maps
Contract Info
List Price/SqFt: 157.68
List Date: 2021-05-20
List Price: $1,450,000
Current Price: $1,300,000
Sub-Type: Income Producing
Location
Sub Area: 0204 - Bay - Central NW
Community/Resort: Bayview Heights
Waterfront: No
Elementary School: Lucille Moore
Middle School: Jinks
High School: Bay
Directions: LOCATED JUST WEST OF MICHIGAN AVE ON 23RD STREET
Area: 02 - Bay County - Central
Street #: 3704
Street Direction: W
Street Name: 23rd
Street Suffix: Street
State: FL
Zip Code: 32405
County: Bay
Subdivision: Bayview Heights
Parcel ID: 27021-000-000
Legal Description: BAYVIEW HEIGHTS M79B LOTS 7,8,9.10,11,12,13,14,15, 24, 25, 26, 27, 28, 29, 30, 31, & 32 LESS N 75' OF LOTS 31 & 32 BLK A ORB 1655 P 1085 ORB 2636 P 1123
General Property Info
List Class: Commercial
Acreage: 1.3
Construction Status: Construction Complete
# of Units: 4
Frontage Ft: 225
SqFt Tot Bldg: 9196
Lot Depth: 269
Lot SqFt: 56775
Year Built: 2019
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: GREAT INVESTMENT PROPERTY LOCATED ON WEST 23RD STREET. BUILDING WAS COMPLETELY REBUILT TO LIKE NEW CONDITION AFTER HURRICANE MICHAEL. IT CONSISTS OF 4 UNITS. UNIT 1 IS 1200 SF, UNIT B & C ARE 1800 SF EACH, AND UNIT D IS 2520 SF. ALL ARE LEASED AT $16 PER SF WITH THE EXCEPTION OF UNIT D. IT IS CURRENTLY ACTIVE TO LEASE. THE PARKING LOT WAS ALSO RESURFACED DURING THE REBUILD. PARKING IS AVAILABLE IN FRONT, EAST END, AND AT THE REAR OF THE BUILDING. INCUDED IN THE SALE IS THE VACANT LOT TO THE REAR OF THE BUILDING. IT FRONTS 23RD COURT. ANOTHER BUILDING COULD BE CONSTRUCTED ON THE VACANT LOT. LAND IS 1.3 ACRES. SELLER FINANCING IS OFFERED AT 20% DOWN, 6% INTEREST WITH PAYMENTS BASED ON A 30 YEAR TERM WITH A 10 YEAR BALLOON.
Status Change Info
Sold Price/SqFt: 141.37
Sold Price/Acre: 1000000
Status: Sold
Under Contract Date: 2021-09-14
Sold Date: 2021-11-01
Sold Price: $1,300,000
Construction/Siding
Foundation - Slab on Grade: 1
Roof - Metal: 1
Siding - Alum Metal: 1
Energy
AC - Central Elect: 1
AC - High Efficiency: 1
Heat - Central Electric: 1
Heat - High Efficiency: 1
Water Heater - Electric: 1
Financing
Cash: 1
Conventional: 1
Seller Financing: 1
Present Zoning
Commercial: 1
Accessibility Features
Accessible Doors: 1
Accessible Entrance: 1
Sale Type
As Is: 1
Business/Property
Freestanding Building: 1
Furnished - None: 1
Handicapped Access: 1
Restrooms - Private: 1
Floors in Unit/Home
One: 1
Heating/Cooling
AC - Central: 1
Heat - Central Electric: 1
Transport. Access
4-Lane: 1
Median Cut: 1
Property Features
Accessibility Features: Accessible Doors; Accessible Entrance
Energy: AC - Central Elect; AC - High Efficiency; Heat - Central Electric; Heat - High Efficiency; Water Heater - Electric
Financing: Cash; Conventional; Seller Financing
Present Zoning: Commercial
Sale Type: As Is
Listing Office: Varnes Realty
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.