9001 N Lagoon Avenue, Panama City Beach, FL 32408 (MLS# 742114)

List Price/SqFt: 213.13

List Date: 2023-05-30

List Price: $1,850,000

Current Price: $1,825,000

Sub-Type: Retail

Sub Area: 0319 - Beach - East

Community/Resort: None

Waterfront: No

Elementary School: Breakfast Point

Middle School: Breakfast Point

High School: Arnold

Section: 6

Directions: Located on the SW Corner of N Lagoon and Joan Ave two blocks North from Thomas Drive

Township: 4S

Range: 15W

Area: 03 - Bay County - Beach

Street #: 9001

Street Direction: N

Street Name: Lagoon

Street Suffix: Avenue

State: FL

Zip Code: 32408

County: Bay

Subdivision: Lagoon Estates

Parcel ID: 30201-031-050

Legal Description: 6 4S 15W -11.7E- BEG AT INTERSECT OF SLY R/W LI N LAGOON DR & W LI OF GOVT LOT 4 TH SELY 26.89' TO CURVE SELY 264.97' TO W R/W JOAN AV S 185.16' NWLY 146.21' SWLY 24.74' NWLY 122.09' TO W LINE GOVT LOT 4 N 251.83' TO POB (SUBJ TO ESMT ORB 3552 P 365 & 3552 P 367) ORB 3552 P 363 (SUBJ TO ESMT ORB 3562 P 1384) *The Description above is not to be used on legal documents.

List Class: Retail Store

Floor Number: 1

Acreage: 1.3

Construction Status: Construction Complete

SqFt HVAC: 7770

SqFt Retail: 7770

# of Stories in Building: 1

SqFt Tot Bldg: 8680

Year Built: 2014

HOA Fee: No

Remarks: Rare Opportunity to own a Dollar General Store lease NNN investment at 6.3 CAP

Sold Price/SqFt: 210.25

Sold Price/Acre: 1403846.15

Status: Sold

Under Contract Date: 2023-06-13

Sold Date: 2023-07-25

Sold Price: $1,825,000

AC - 2 or More: 1

Accessible Approach with Ramp: 1

Accessible Bedroom: 1

Freestanding Building: 1

One: 1

Year Built: 2014

Net Operating Income: 116908

Cap Rate: 6.3