1212 BECK Avenue, Panama City, FL 32401 (MLS# 640417)

1212 BECK Avenue, Panama City, FL 32401

$575,000

Property Type: Commercial for Sale Square Footage: 47,537 Lot Size (sq. ft.): 35,284 Status: Sold

Current Price: $575,000 List Date: 2/08/2016 Last Modified: 10/04/2024

Overview

Description

Partially renovated, but currently inactive 58 unit Motel for sale in Historic St. Andrew in the heart of Panama City, FL. Located across the street from The Shrimp Boat Restaurant and Marina, the property has views of St Andrews Bay across the Marina on one side and Lake Ware on the other side. The property extends, as a separate .25 Acre parcel (see legal description), into Lake Ware which may add density to a redevelopment plan. Potential redevelopment grant dollars are available through the St. Andrew Community Redevelopment Agency.

Listing Details MLS# 640417

Contract Info

List Price/SqFt: 20.51
Sub-Type: Hotel/Motel

Location

Area: 02 – Bay County – Central
Street #: 1212
Street Name: BECK
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 – Bay – Central SW
Business Name: Cabana Motel
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: Yes
Parcel ID: 29993-000-000
Elementary School: Oakland Terrace
Middle School: Jinks
High School: Bay
Directions: From Hwy 98 or 15th Street and Beck Ave go South on Beck Ave. Subject property is on left or East side of Beck Avenue across from the Shrimp Boat Restaurant.
Legal Description: #1 Bay County Parcel ID# 29993-000-000: 1 4S 15W NW1/4 LOTS 12,13,14,15 & W 20' LOT 4& W 21' LOT 5 & 6 & N 36' OF W21' LOT 7 BLK 17ORB 3131 P 2384 ORB 3160 P 403 #2 Bay County Parcel ID# 29989-000-000: 1 4S 15W NW1/4 LOTS 5,6 LESS W 21' BLK 17ORB 164 P 546

General Property Info

List Class: Motel/Hotel
Immediate Occupancy: Yes
Construction Status: Construction Complete
# of Units: 58
SqFt Unit: 47537
Site Dimensions: 234×152
Acreage: 0.81
Frontage Ft: 234
Lot Depth: 152
SqFt HVAC: 22500
SqFt Tot Bldg: 47537
Year Built: 1960

Status Change Info

Under Contract Date: 2016-06-09
Sold Date: 2016-12-05
Sold Price/SqFt: 12.1
Sold Price/Acre: 709876.54

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: Partially renovated, but currently inactive 58 unit Motel for sale in Historic St. Andrew in the heart of Panama City, FL. Located across the street from The Shrimp Boat Restaurant and Marina, the property has views of St Andrews Bay across the Marina on one side and Lake Ware on the other side. The property extends, as a separate .25 Acre parcel (see legal description), into Lake Ware which may add density to a redevelopment plan. Potential redevelopment grant dollars are available through the St. Andrew Community Redevelopment Agency.

More Information

Construction/Siding

Block: Yes
Roof – Built-Up: Yes

Financing

Cash: Yes
Conventional: Yes

Present Zoning

Commercial: Yes

Association Amenities

Pool: Yes

Utilities

All Utilities: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Waterview

Bay: Yes
Pond: Yes

Sale Type

As Is: Yes

Waterfront Type

Bay/Harbor: Yes
Pond w/o Gulf Access: Yes

Floors in Unit/Home

Two: Yes

Hotel/Motel

Year Built: 1960
Building SqFt: 47537
# of Rooms: 58

Offering Type

Sale Only: Yes

Pricing Type

Sale Price: Yes

Transport. Access

2-Lane: Yes
City Road: Yes
Paved: Yes

Property Features

Financing: Cash; Conventional Offering Type: Sale Only Pricing Type: Sale Price Present Zoning: Commercial Sale Type: As Is Utilities: All Utilities; Public Sewer – Connected; Water Connected Waterfront Type: Bay/Harbor; Pond w/o Gulf Access Waterview: Bay; Pond

Listing Office: NAI TALCOR

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.