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Wade M. Berlin

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8406 Panama City Beach Parkway
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PRICED AT ONLY: $3,985,000

Address: 8406 Panama City Beach Parkway, Panama City Beach, FL 32407

Description

A rare opportunity for investors and developers to capitalize on immediate equity and long term upside. This strategically located property with 200 ft of frontage on high traffic Hwy 98 recently appraised at $4,085,000, yet is being offered for just $3,985,000. Additionally, the current appraisal does not reflect the in process Development Order (DO) or the significant investment already made toward its approval specifically for the back 2 acres of the property. Building has the following occupancy: Unit A (600 Sq.Ft.) Rented, Units B C (1200 Sq.Ft.) Rented, Units D E F (1800 Sq.Ft.) Rented, Unit G (900 Sq.Ft.) Rented, Units H I + warehouse, (2500 Sq.Ft.) Rented, Units J K L + warehouse (owner occupied), Unit M (600 Sq.Ft.) Rented, Unit N (600 Sq.Ft.) Rented! Also, the large billboard pays the building owner $7,500/yr rent. Don't miss this unique opportunity!

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More Like This
  • MLS#: 776552 ( CommercialSale )
  • Street Address: 8406 Panama City Beach Parkway
  • Viewed: 1
  • Price: $3,985,000
  • Price sqft: $316
  • Waterfront: No
  • Year Built: 1984
  • Bldg sqft: 12622
  • Days On Market: 60
  • Acreage: 3.00 acres

Description

A rare opportunity for investors and developers to capitalize on immediate equity and long term upside. This strategically located property with 200 ft of frontage on high traffic Hwy 98 recently appraised at $4,085,000, yet is being offered for just $3,985,000. Additionally, the current appraisal does not reflect the in process Development Order (DO) or the significant investment already made toward its approval specifically for the back 2 acres of the property. Building has the following occupancy: Unit A (600 Sq.Ft.) Rented, Units B C (1200 Sq.Ft.) Rented, Units D E F (1800 Sq.Ft.) Rented, Unit G (900 Sq.Ft.) Rented, Units H I + warehouse, (2500 Sq.Ft.) Rented, Units J K L + warehouse (owner occupied), Unit M (600 Sq.Ft.) Rented, Unit N (600 Sq.Ft.) Rented! Also, the large billboard pays the building owner $7,500/yr rent. Don't miss this unique opportunity!
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
School Information
  • High School: Arnold
  • Middle School: Breakfast Point
  • School Elementary: Breakfast Point
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Paved
Utilities
  • Carport Spaces: 0.00
  • Heating: Central, Electric
  • Sewer: PublicSewer
  • Utilities: SewerAvailable, WaterConnected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: G C 2ND ADD BEG 460'W & 439.29' S. OF NE COR OF SEC. TH; S 250' W 200.35' N 250' E 200' TO POB ORB 4474 P 887
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Occupied
  • Parcel Number: 27904-010-000
  • Possible Use: Commercial
  • The Range: 0.00
Nearby Subdivisions
[no Recorded Subdiv]   Bahama Beach   Hutchison's 1st To Bahama Bch   Lyndell Commercial Park   Miracle Strip Bus Plz   No Named Subdivision   Panama City Beach  
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Wade M. Berlin

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