722/724 Kraft, Panama City, FL 32401 (MLS# 681966)

List Price/SqFt: 31.47

List Date: 2019-02-08

List Price: $1,690,000

Current Price: $1,300,000

Sub-Type: Industrial

Sub Area: 0202 - Bay - Central SE

Community/Resort: None

Waterfront: No

Elementary School: Springfield

Middle School: Everitt

High School: Rutherford

Directions: These two parcels are located on Kraft St. between 5th & 10th Street.

Area: 02 - Bay County - Central

Street #: 722/724

Street Name: Kraft

State: FL

Zip Code: 32401

County: Bay

Subdivision: [No Recorded Subdiv]

Parcel ID: 15441-000-000 15443-000-000

Legal Description: These dry, secure warehouses are now available in Panama City, FL. Over 48,000 square feet of warehouse/distribution space is served by multiple roll up doors, one dock high loading platform, delivery height platform that runs along one side and a ramp for forklift access to the parking lot. There is a small office space that could be improved and one bathroom.

List Class: Industrial

Acreage: 2.65

Construction Status: Construction Complete

SqFt - Warehouse: 48330

SqFt Tot Bldg: 53694

Year Built: 1973

HOA Fee: No

Remarks: There are two large warehouses with a large fenced lot next door. There is current a tenant leasing the majority of the larger warehouse until fall of 2020 which would bring in additional income for the time being. The owner is occupying the smaller warehouse but can vacate with a justified offer.

Sold Price/SqFt: 24.21

Sold Price/Acre: 490566.04

Status: Sold

Under Contract Date: 2019-08-26

Sold Date: 2019-08-26

Sold Price: $1,300,000

Siding - Metal: 1

Conventional: 1

Commercial: 1

All Utilities: 1

Freestanding Building: 1

Office Area: 1

One: 1

# Ground Level Doors: 6

Sprinklers?: Yes

Price P/SqFt: 34.97

2-Lane: 1