1001 W 15th Street, Panama City, FL 32401 (MLS# 686878)

1001 W 15th Street, Panama City, FL 32401

$820,000

Property Type: Commercial for Sale Square Footage: 7,892 Lot Size (sq. ft.): 37,462 Status: Sold

Current Price: $820,000 List Date: 8/05/2019 Last Modified: 10/04/2024

Overview

Description

INVESTORS!!! The subject property is a Goodyear store and has been at this location for more than 43 years. Goodyear has been in business for 121 years. New lifts were installed approximately 3 years ago and since the hurricane the building has had a complete make over. Goodyears current net, net, net lease expires August 31, 2020 and can be renewed.

Listing Details MLS# 686878

Contract Info

List Price/SqFt: 103.9
Sub-Type: Income Producing

Location

Area: 02 – Bay County – Central
Street #: 1001
Street Direction: W
Street Name: 15th
Street Suffix: Street
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 – Bay – Central SW
Business Name: Goodyear
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 18654-000-000
Section: 6
Township: 4s
Range: 14w
Elementary School: Oakland Terrace
Middle School: Jinks
High School: Bay
Directions: Southwest corner of 15th street and Balboa.
Legal Description: SUDDUTH'S 4TH ADD 70A COM AT THE NE COR OF BLK 47 TH S ALONG WEST R/W 0F BONITA AVE 903.98' TO THE NORTH R/W OF US BUS 98 TH E 50' TO THE INT OF THE E R/W OF BONITA AVE & THE N R/W OF US BUS 98 FOR POB TH N 374' E 20' TO WATSON BAYOU TH SE 12.04' E 26.55' S 20' TH SELY 108' NELY 39.81' S 337.87 TO THE N R/W OF US BUS 98 TH WLY ALONG R/W 195' TO POB

General Property Info

List Class: Commercial
Immediate Occupancy: No
Possession Date: Closing
Construction Status: Construction Complete
# of Units: Yes
SqFt Unit: 7892
Site Dimensions: 150 x 250
Acreage: 0.86
Frontage Ft: 150
Lot Depth: 250
Lot SqFt: 37500
SqFt HVAC: 2565
SqFt Retail: 2565
SqFt – Workarea: 5327
SqFt Tot Bldg: 7892
Year Built: 1976
Ceiling Height: 14

Status Change Info

Under Contract Date: 2019-10-11
Sold Date: 2020-01-03
Sold Price/SqFt: 103.9
Sold Price/Acre: 953488.37

Income Producing

Year Built: 1976
Building SqFt: 7892
Price P/SqFt: 103.91
Net Operating Income: 60000

Listing Info, Tax and Legal

HOA Fee: No

More Information

Remarks & Misc

Remarks: INVESTORS!!! The subject property is a Goodyear store and has been at this location for more than 43 years. Goodyear has been in business for 121 years. New lifts were installed approximately 3 years ago and since the hurricane the building has had a complete make over. Goodyears current net, net, net lease expires August 31, 2020 and can be renewed.

Construction/Siding

Block: Yes
Floor – Concrete: Yes

Energy

AC – Central Elect: Yes

Financing

Conventional: Yes

Present Zoning

Commercial: Yes

Utilities

All Utilities: Yes

Business/Property

Display Windows: Yes
Freestanding Building: Yes
Handicapped Access: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Central: Yes

Transport. Access

5 or More Lanes: Yes
Center Turn Lane: Yes
Divided Highway: Yes
Paved: Yes

Property Features

Energy: AC – Central Elect Financing: Conventional Present Zoning: Commercial Utilities: All Utilities

Listing Office: Indian Springs Real Estate

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.