$7,750,000
Panama City, FL 32405
MLS# 601644
Status: Sold
1 / 1
Property Description
34.5+/- Acres - Southwest Corner of Highway 77 and 23rd Street. The most prime commercial location in Panama City - Bay County, Florida. The site every major retailer and developer has tried to purchase. Never before offered on the open market. The highest traveled commercial corridors in the market. Traffic signals at 23rd Street and Highway 77 and Wilson Avenue. Across from Panama City Mall (Sears, Penney's, Dillards, etc.) Target, Lowes, Home Depot, near hospitals, doctors, hotels, restaurants and banks. 34.5+/- Acres - 1,263+/- feet on 23rd Street; 1,095+/- feet on Highway 77; 1,244+/- feet on Wilson Avenue; 1,273+/- feet on the south. Zoning - General Commercial (C-2) - City of Panama City. Utilities - water and sewer - City of Panama City; Traffic Count - 32,500 - 23rd
Details
Maps
Contract Info
List Price/Acre: 362318.84
List Date: 2012-08-13
List Price: $12,500,000
Current Price: $7,750,000
Sub-Type: Land/Acres
Location, Tax & Legal
Sub Area: 0203 - Bay - Central SW
Community/Resort: None
Elementary School: Patterson
Middle School: Rosenwald
High School: Bay
Directions: SOUTHWEST CORNER OF HIGHWAY 77 AND 23RD STREET
HOA Fee: No
Street #: 510
Street Direction: E
Street Name: 23rd
Street Suffix: Street
State: FL
Zip Code: 32405
County: Bay
Area: 02 - Bay County - Central
Subdivision: No Named Subdivision
Parcel ID: 14411-000-000
Legal Description: 34.5+/- Acres; 1.263+/- Ft. on 23rd Street; 1,095+- Ft. on Highway 77; 1,244+/- Ft. on Wilson Avenue; 1,273+/- on the south. Bay County Florida Parcel Numbers - 14411-010-000; 14414-000-000; 14411-000-000; 14425-000-000; 14411-005-000; 14411-006-000; 14411-007-000; 14412-000-000; less strip south of and adjacent to Luigi's BG Pasta and Pizza.
General Property Info
Acreage: 34.5
Frontage Feet: 1263
Remarks & Misc
Remarks: 34.5+/- Acres - Southwest Corner of Highway 77 and 23rd Street. The most prime commercial location in Panama City - Bay County, Florida. The site every major retailer and developer has tried to purchase. Never before offered on the open market. The highest traveled commercial corridors in the market. Traffic signals at 23rd Street and Highway 77 and Wilson Avenue. Across from Panama City Mall (Sears, Penney's, Dillards, etc.) Target, Lowes, Home Depot, near hospitals, doctors, hotels, restaurants and banks. 34.5+/- Acres - 1,263+/- feet on 23rd Street; 1,095+/- feet on Highway 77; 1,244+/- feet on Wilson Avenue; 1,273+/- feet on the south. Zoning - General Commercial (C-2) - City of Panama City. Utilities - water and sewer - City of Panama City; Traffic Count - 32,500 - 23rd
Status Change Info
Sold Price/Acre: 224637.68
Status: Sold
Under Contract Date: 2014-04-15
Sold Date: 2015-01-26
Sold Price: $7,750,000
Financing
Cash: 1
Conventional: 1
Lot Features
Aerials/Topo Available: 1
Corner Lot: 1
Other - See Remarks: 1
Lot/Parcel Access
City Road: 1
Present Zoning
City: 1
Commercial: 1
Utilities
Electricity - Availabile: 1
TransportationAccess
4 - Lane: 1
Bus Service: 1
Center Turn Lane: 1
City Road: 1
Property Features
TransportationAccess: 4 - Lane; Bus Service; Center Turn Lane; City Road
Financing: Cash; Conventional
Lot Features: Aerials/Topo Available; Corner Lot; Other - See Remarks
Utilities: Electricity - Availabile
Present Zoning: Commercial
Supplements
Street; 24,000 - Highway 77 (F.D.O.T. 2011). 23rd Street and Highway 77 are four lanes plus center turn lane - no medians. The site was previously utilized as a homestead and the family's auto salvage business for decades (closed 2010). The property is being sold as is where is, without representations or warranties from seller. The seller reserves the right but not the obligation to remove any real or personal property prior to closing.
Listing Office: Counts Real Estate Group
Last Updated: October - 08 - 2024
Information deemed reliable but not guaranteed.