103 23rd Street, Panama City, FL 32405 (MLS# 627880)

103 23rd Street, Panama City, FL 32405

$4,200,000

Property Type: Commercial for Sale Square Footage: 38,577 Lot Size (sq. ft.): 235,224 Status: Sold

Current Price: $4,200,000 List Date: 1/22/2015 Last Modified: 10/04/2024

Overview

Description

Coronado Village Shopping Center provides investors with a rare opportunity on 23rd Street. Tremendous investment opportunity with upside potential and steady income with a prime location on 23rd Street in Panama City. The 38,577 square foot center is 100% occupied and includes long-term tenants such as; Maharaja of India, Wellness & Fitness Center, Scottrade, Granny Cantrell’s, The Wine Dog, Dr. Abouelela, Summit Bank/Raymond James, Weight Watchers, Sandra Jean Unifroms, etc. Detailed financials, lease terms and an Offering Memorandum are available upon request and receipt of a signed confidentiality agreement.

Listing Details MLS# 627880

Contract Info

List Price/SqFt: 116.65
Sub-Type: Other

Location

Area: 02 – Bay County – Central
Street #: 103
Street Name: 23rd
Street Suffix: Street
State: FL
Zip Code: 32405
County: Bay
Sub Area: 0203 – Bay – Central SW
Business Name: CORONADO VILLAGE SHO
Subdivision: Coronado Village Shopping Center
Community/Resort: None
Parcel ID: 14189-045-005
Directions: The Coronado Village Shopping Center is located on the south side of 23rd Street between Harrison Ave. and Jenks Ave.
Legal Description: 32 3S 14W -34.43- 91D1 OLD 61ABEG 50' S & 6.01' E OF NE COROF NW1/4 OF NW1/4 OF NE1/4…

General Property Info

List Class: Commercial
Immediate Occupancy: No
Construction Status: Construction Complete
Acreage: 5.4
SqFt HVAC: 38577
SqFt Tot Bldg: 38577
Year Built: 1986

Status Change Info

Under Contract Date: 2015-01-22
Sold Date: 2015-01-31
Sold Price/SqFt: 108.87
Sold Price/Acre: 777777.78

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: Coronado Village Shopping Center provides investors with a rare opportunity on 23rd Street. Tremendous investment opportunity with upside potential and steady income with a prime location on 23rd Street in Panama City. The 38,577 square foot center is 100% occupied and includes long-term tenants such as; Maharaja of India, Wellness & Fitness Center, Scottrade, Granny Cantrell's, The Wine Dog, Dr. Abouelela, Summit Bank/Raymond James, Weight Watchers, Sandra Jean Unifroms, etc. Detailed financials, lease terms and an Offering Memorandum are available upon request and receipt of a signed confidentiality agreement.

More Information

Construction/Siding

Block: Yes
Clear Span: Yes
Floor – Concrete: Yes
Steel/Frame: Yes
Siding – Stucco: Yes

Energy

AC – Central Elect: Yes

Financing

Cash: Yes
Conventional: Yes

Present Zoning

City: Yes
General Commercial: Yes

Utilities

Electricity – Availabile: Yes

Sale Type

As Is: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – HVAC: Yes

Offering Type

Sale Only: Yes
Sale with Lease: Yes

Pricing Type

Sale Price: Yes

Site Description

Aerials Available: Yes
Landscaped: Yes
Site – Shopping Center: Yes
Survey: Yes

Transport. Access

5 or More Lanes: Yes

Property Features

Energy: AC – Central Elect Financing: Cash; Conventional Offering Type: Sale Only; Sale with Lease Pricing Type: Sale Price Present Zoning: General Commercial Sale Type: As Is Site Description: Aerials Available; Landscaped; Site – Shopping Center; Survey Utilities: Electricity – Availabile

Listing Office: Counts Real Estate Group Inc

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.