$700,000
Panama City, FL 32404
MLS# 664485
Status: Sold
24500 sqft
1 / 5
Property Description
Super Value & Income Opportunity! Present owner is ready for the next chapter of their life. This 24,500± SF building has 21,137± SF Heat & Cool with 11,985± SF downstairs Ofc. Space (H&C), 9,152± SF Upstairs Ofc. Space(H&C). 220± Ft. Wide on Tyndall Parkway by 246± Ft. Deep (54,120± SF - 1.24± AC; subject to 40± Ft. common access drive for Bay Land Plaza East, KFC and Panama City Korean Church. 65 Parking Spaces. Traffic Count of 24,500 (FDOT 2016). With an Active Lease effort of vacant units and increases in rents, a NEW OWNER can enjoy the INCOME! There is some deferred maintenance needed.
Details
Maps
Contract Info
List Price/SqFt: 32.45
List Date: 2017-10-05
List Price: $795,000
Current Price: $700,000
Sub-Type: Income Producing
Location
Sub Area: 0202 - Bay - Central SE
Community/Resort: None
Waterfront: No
Elementary School: Parker
Middle School: Everitt
High School: Rutherford
Directions: From the Intersection of South Tyndall Parkway and Cherry Street travel South, quarter-mile ± ; Building on left (Eastside) South and adjacent to KFC
Area: 02 - Bay County - Central
Street #: 429
Street Direction: S
Street Name: TYNDALL
Street Suffix: Parkway
State: FL
Zip Code: 32404
County: Bay
Subdivision: [No Recorded Subdiv]
Parcel ID: 07037-055-000
Legal Description: Bay County Real Estate Parcel Number 07037-055-000; Long Legal - 220± Ft. Wide by 242± Ft. Deep
General Property Info
List Class: Commercial
Construction Status: Construction Complete
SqFt Tot Bldg: 24500
Year Built: 1985
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Super Value & Income Opportunity! Present owner is ready for the next chapter of their life. This 24,500± SF building has 21,137± SF Heat & Cool with 11,985± SF downstairs Ofc. Space (H&C), 9,152± SF Upstairs Ofc. Space(H&C). 220± Ft. Wide on Tyndall Parkway by 246± Ft. Deep (54,120± SF - 1.24± AC; subject to 40± Ft. common access drive for Bay Land Plaza East, KFC and Panama City Korean Church. 65 Parking Spaces. Traffic Count of 24,500 (FDOT 2016). With an Active Lease effort of vacant units and increases in rents, a NEW OWNER can enjoy the INCOME! There is some deferred maintenance needed.
Status Change Info
Sold Price/SqFt: 28.57
Status: Sold
Under Contract Date: 2017-11-28
Sold Date: 2017-12-28
Sold Price: $700,000
Financing
Other - See Remarks: 1
Floors in Unit/Home
Two: 1
Property Features
Financing: Other - See Remarks
Listing Office: Counts Real Estate Group
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.