100 HARRISON Avenue, Panama City, FL 32401 (MLS# 658062)

100 HARRISON Avenue, Panama City, FL 32401

$775,000

Property Type: Commercial for Sale Square Footage: 11,798 Lot Size (sq. ft.): 17,860 Status: Sold

Current Price: $775,000 List Date: 4/27/2017 Last Modified: 10/04/2024

Overview

Description

This unique real estate opportunity in Historic Downtown Panama City is located at the gateway to the Panama City Marina.The Developers plan is to rebuild the Marina with 236 boat slips, an outlet mall and two residential towers. The Developers initial investment will exceed $300mm. The corner is currently occupied by the LaRoyale Lounge, the next space is the Courtyard where people come to meet and drink, then the Fiesta Room & Lounge that is designed for shows of every nature. Cassandra’s Restaurant and the taxi stand are both money makers as they are both rented.Above the restaurant is the old Marie’s Beauty Shoppe, this space has been redone and is ready to rent. There is a 4 COP license that is for sale. The owner is willing to offer financing with a substantial down payment.

Listing Details MLS# 658062

Contract Info

List Price/SqFt: 84.72
Sub-Type: Other

Location

Area: 02 – Bay County – Central
Street #: 100
Street Name: HARRISON
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 – Bay – Central SW
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 19652-000-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: From Hwy 98 (15th Street) turn South on Harrison Ave., the property is located on the Northeast Corner of Harrison Ave and Beach Dr.
Legal Description: GCD PLAT LOT 1 BLK 12 MAP 92D1 ORB 378 P 105 ORB 518 P 99

General Property Info

List Class: Bar/Restaurant
Immediate Occupancy: Yes
Possession Date: June 15th
Construction Status: Construction Complete
SqFt Unit: 11798
Site Dimensions: 180 x 100
Acreage: 0.41
Frontage Ft: 180
Lot Depth: 100
SqFt Tot Bldg: 11798
Year Built: 1911
Ceiling Height: 10
Land Lease P/Year: 0
CAM Area Fee: 0

Status Change Info

Under Contract Date: 2017-05-10
Sold Date: 2017-08-17
Sold Price/SqFt: 65.69
Sold Price/Acre: 1890243.9

Business Only

Year Built: 1911
Building SqFt: 11798

Listing Info, Tax and Legal

HOA Fee: No

More Information

Remarks & Misc

Remarks: This unique real estate opportunity in Historic Downtown Panama City is located at the gateway to the Panama City Marina.The Developers plan is to rebuild the Marina with 236 boat slips, an outlet mall and two residential towers. The Developers initial investment will exceed $300mm. The corner is currently occupied by the LaRoyale Lounge, the next space is the Courtyard where people come to meet and drink, then the Fiesta Room & Lounge that is designed for shows of every nature. Cassandra's Restaurant and the taxi stand are both money makers as they are both rented.Above the restaurant is the old Marie's Beauty Shoppe, this space has been redone and is ready to rent. There is a 4 COP license that is for sale. The owner is willing to offer financing with a substantial down payment.

Financing

Cash: Yes
Conventional: Yes

Present Zoning

Other – See Remarks: Yes

Sale Type

As Is: Yes

Floors in Unit/Home

Two: Yes

Heating/Cooling

AC – Central: Yes

Pricing Type

Sale Price: Yes

Transport. Access

2-Lane: Yes
City Road: Yes

Property Features

Financing: Cash; Conventional Pricing Type: Sale Price Present Zoning: Other – See Remarks Sale Type: As Is

Listing Office: ERA Neubauer Real Estate Inc

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.