11208 FRONT BEACH Road, Panama City Beach, FL 32407 (MLS# 638968)

11208 FRONT BEACH Road, Panama City Beach, FL 32407

$825,000

Property Type: Commercial for Sale Square Footage: 4,848 Lot Size (sq. ft.): 7,405 Status: Sold

Current Price: $825,000 List Date: 1/02/2016 Last Modified: 10/04/2024

Overview

Description

BUSINESS IN PARADISE! ONLY 850 FT FROM THE GULF * FULL TURN KEY RESTAURANT IN SAME LOCATION FOR 27 YEARS. SEATING FOR 150, BUSINESS AND REAL ESTATE CONVEY WITH ALL FIXTURES, EQUIPMENT, TABLES CHAIRS, 7 FLAT SCREEN TV’S ETC. NO CAM Charges, TWO COMPLETE BAR AREAS. UNLIMITED PARKING. LOCATED RIGHT IN THE MIDDLE OF THE BUSY FRONT BEACH COORIDOOR SOON TO BE BEAUTIFIED BY THE CRA. 4848 SF FULLY OPERATIONAL RESTAURANT. Sale includes all recipes, Digital Dinning POS System & inventory. all information taken from county tax records. buyer to verify if important. * Will lease to strong tenant for $5900 a month.

Listing Details MLS# 638968

Contract Info

List Price/SqFt: 175.33
Sub-Type: Income Producing

Location

Area: 03 – Bay County – Beach
Street #: 11208
Street Name: FRONT BEACH
Street Suffix: Road
State: FL
Zip Code: 32407
County: Bay
Sub Area: 0320 – Beach – Middle Central
Business Name: ITALIAN RESTAURANT 2
Subdivision: No Named Subdivision
Community/Resort: None
Parcel ID: 34796-110-000
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: traveling west on Hwy 98 from Hathaway Bridge go about 5 miles to left on Ralph Jackson next to Sonny's BBQ, got to 2nd light and turn left then Left into Edgewater Plaza 1st building on left
Legal Description: 35-3S-16W-20.13- 47C1 BEG 588.46' NW'LY, 235.05' NE'LY & 383.01' NW'LY OF INT E LI GOVT L-1 & N'LY R/W LI US HWY 98 FOR POB, TH CONT NW'LY 70', NE'LY 106.24', S 123.02', SW'LY 5' TO POB ORB 1223 P 546

General Property Info

List Class: Bar/Restaurant
Immediate Occupancy: Yes
Construction Status: Construction Complete
Site Dimensions: 70X106
Acreage: 0.17
Frontage Ft: 70
SqFt HVAC: 4848
SqFt Tot Bldg: 4848
Year Built: 1986

Status Change Info

Under Contract Date: 2016-02-24
Sold Date: 2016-04-21
Sold Price/SqFt: 170.17
Sold Price/Acre: 4852941.18

Income Producing

Building SqFt: 4848

Listing Info, Tax and Legal

HOA Fee: No

More Information

Remarks & Misc

Remarks: BUSINESS IN PARADISE! ONLY 850 FT FROM THE GULF * FULL TURN KEY RESTAURANT IN SAME LOCATION FOR 27 YEARS. SEATING FOR 150, BUSINESS AND REAL ESTATE CONVEY WITH ALL FIXTURES, EQUIPMENT, TABLES CHAIRS, 7 FLAT SCREEN TV'S ETC. NO CAM Charges, TWO COMPLETE BAR AREAS. UNLIMITED PARKING. LOCATED RIGHT IN THE MIDDLE OF THE BUSY FRONT BEACH COORIDOOR SOON TO BE BEAUTIFIED BY THE CRA. 4848 SF FULLY OPERATIONAL RESTAURANT. Sale includes all recipes, Digital Dinning POS System & inventory. all information taken from county tax records. buyer to verify if important. * Will lease to strong tenant for $5900 a month.

Construction/Siding

Block: Yes
Roof – Metal: Yes
Siding – Stucco: Yes

Energy

AC – 2 or More: Yes
AC – Central Elect: Yes
Double Pane Windows: Yes
Water Heater – Electric: Yes

Financing

Cash: Yes
Conventional: Yes
Seller Financing: Yes
Other – See Remarks: Yes

Present Zoning

Commercial: Yes

Utilities

Electric-3 Phase: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Waterview

Gulf: Yes
Other – See Remarks: Yes

Sale Type

As Is: Yes

Business/Property

Bus Est Five or More Yrs: Yes
Display Windows: Yes
Freestanding Building: Yes
Furnished – All: Yes
Handicapped Access: Yes
Kitchen Area: Yes
License – Beer & Wine: Yes
License – Liquor: Yes
Office Area: Yes
Restrooms – Private: Yes
Seating Up to 199: Yes
Sign: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Central: Yes
Heat – Central Electric: Yes

Offering Type

Business Name: Yes
FF&E: Yes
Good Will: Yes
Inventory: Yes
Real Estate: Yes
Sale Only: Yes
Trade Name: Yes

Pricing Type

Sale Price: Yes

Site Description

Corner Location: Yes
Level: Yes
Survey: Yes

Transport. Access

2-Lane: Yes
City Road: Yes

Property Features

Energy: AC – 2 or More; AC – Central Elect; Double Pane Windows; Water Heater – Electric Financing: Cash; Conventional; Seller Financing; Other – See Remarks Offering Type: Business Name; FF&E; Good Will; Inventory; Real Estate; Sale Only; Trade Name Pricing Type: Sale Price Present Zoning: Commercial Sale Type: As Is Site Description: Corner Location; Level; Survey Utilities: Electric-3 Phase; Public Sewer – Connected; Water Connected Waterview: Gulf; Other – See Remarks

Listing Office: CitiStar Realty

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.