14301 Panama City Beach Pkwy. Parkway, Panama City Beach, FL 32413

$6,200,000
Property Type: Commercial for Sale Square Footage: 42,910 Lot Size (sq. ft.): 67,954 Status: Sold
Current Price: $6,200,000 List Date: 4/14/2022 Last Modified: 10/04/2024

Overview

Description

Successful turn-key retail furniture and accessories business for sale located on Panama City Beach Parkway (a/k/a U.S. Highway 98) with Average Daily Traffic count of 52,000. This transaction includes the real estate (building,1.56 acres, Shore House Furniture business, inventory, equipment, & goodwill. A premium retail location just one 1.5 miles from Pier Park. The 42,910 square foot steel building has above average finishes with over 26,000 square feet of retail/showroom space on two floors. The building also includes over 16,000 square feet of storage/warehouse with existing HVAC ductwork. Features include: 3 phase power, 277-480V with 1,000 AMP main, passenger/customer elevator, 42 parking spaces, and two 12′ x 14′ street level loading bays, 3 box trucks, and fork lift.

Supplements: There are several sources of income which include generous owner/operator salaries, rental income from two tenants, and rental income from the LLC Three delivery trucks and forklift included, two Isuzu 18′ box trucks and one Ford 16′ box truck…all diesel.

Listing Details MLS# 711244

Contract Info

List Price/SqFt
151.48
Sub-Type
Income Producing

Location

Area
03 – Bay County – Beach
Street #
14301
Street Name
Panama City Beach Pkwy.
Street Suffix
Parkway
State
FL
Zip Code
32413
County
Bay
Sub Area
0320 – Beach – Middle Central
Business Name
Shore House Furnitur
Subdivision
[No Recorded Subdiv]
Community/Resort
None
Waterfront
No
Parcel ID
33803-005-015
Section
21
Township
3S
Range
16W
Elementary School
Hutchison Beach
Middle School
Surfside
High School
Arnold
Directions
Heading West on Us Highway 98, also known as Panama City Beach Parkway, building is located just just West of Nautilus Street on the South side of the Parkway. Heading East on Panama City Beach Parkway, property is located on the South Side of the Parkway just 1.4 miles East of Pier Park Drive.
Legal Description
21 3S 16W -1.11- 37C COM AT SE COR OF SEC W 2129.30 NELY 1414.85' NWLY 824.39 NELY 111' FOR POB TH NWLY 200 NELY 310.36' SELY 200' SWLY 310.33' TO POB ORB 2383 P 1133 **AND** COM AT NE COR OF BID-A-WEE BCH 1ST ADD AKA SE COR OF SEC TH W 2129.30' NELY 1414.85' NWLY 824.39' NELY 111' NWLY 200 FOR POB TH NWLY 10' NELY 310.37' SE LY 10' SWLY 310.36 TO POB ORB 3297 P 1122

General Property Info

List Class
Commercial
Immediate Occupancy
No
Construction Status
Construction Complete
# of Units
Yes
# of Stories in Building
2
Site Dimensions
Approximately 200' x 310'
Acreage
1.56
Frontage Ft
220
Lot Depth
315
Lot SqFt
69300
SqFt HVAC
26555
SqFt Retail
42910
SqFt – Workarea
42910
SqFt Tot Bldg
42910
Year Built
2005
Association Fee Per
Yearly

Status Change Info

Under Contract Date
2022-04-15
Sold Date
2022-06-07
Sold Price/SqFt
144.49
Sold Price/Acre
3974358.97

Retail

Year Built
2005
Building SqFt
42910
Vacancy Rate
0

Listing Info, Tax and Legal

HOA Fee
No

More Information

Remarks & Misc

Remarks
Successful turn-key retail furniture and accessories business for sale located on Panama City Beach Parkway (a/k/a U.S. Highway 98) with Average Daily Traffic count of 52,000. This transaction includes the real estate (building,1.56 acres, Shore House Furniture business, inventory, equipment, & goodwill. A premium retail location just one 1.5 miles from Pier Park. The 42,910 square foot steel building has above average finishes with over 26,000 square feet of retail/showroom space on two floors. The building also includes over 16,000 square feet of storage/warehouse with existing HVAC ductwork. Features include: 3 phase power, 277-480V with 1,000 AMP main, passenger/customer elevator, 42 parking spaces, and two 12' x 14' street level loading bays, 3 box trucks, and fork lift.

Construction/Siding

Floor – Concrete
Yes
Floor – Tile
Yes
Floor – W/W Carpet
Yes
Foundation – Slab on Grade
Yes
Steel/Frame
Yes
Roof – Gutters
Yes
Roof – Metal
Yes
Roof – Sloping
Yes
Siding – Metal
Yes
Siding – Stucco
Yes

Energy

AC – 2 or More
Yes
Water Heater – Electric
Yes

Financing

Cash
Yes
Conventional
Yes

Present Zoning

City
Yes
Commercial
Yes
Office/Prof
Yes

Utilities

All Utilities
Yes
Electric-3 Phase
Yes
Natural Gas – Available
Yes
Internet – Broadband Available
Yes
Public Sewer – Connected
Yes
Water Connected
Yes
Underground Utilities
Yes

Accessibility Features

Accessible Doors
Yes
Accessible Elevator Installed
Yes
Accessible Entrance
Yes
Accessible Hallway(s)
Yes

Business/Property

Freestanding Building
Yes
Handicapped Access
Yes
Restrooms – Private
Yes
Sign
Yes

Floors in Unit/Home

Two
Yes

Heating/Cooling

AC – HVAC
Yes
AC – Office
Yes
AC – Partial
Yes
Heat – HVAC
Yes

Offering Type

Business Name
Yes
Good Will
Yes
Real Estate
Yes
Sale Only
Yes
Sale with Lease
Yes
Trade Name
Yes

Pricing Type

Sale Price
Yes

Site Description

Aerials Available
Yes
Landscaped
Yes
Level
Yes
Site – Plan
Yes
Survey
Yes

Transport. Access

4-Lane
Yes
Center Turn Lane
Yes
Divided Highway
Yes
Median Cut
Yes
Paved
Yes
State Road
Yes

Property Features

Accessibility Features: Accessible Doors; Accessible Elevator Installed; Accessible Entrance; Accessible Hallway(s) Energy: AC – 2 or More; Water Heater – Electric Financing: Cash; Conventional Offering Type: Business Name; Good Will; Real Estate; Sale Only; Sale with Lease; Trade Name Pricing Type: Sale Price Present Zoning: Commercial; Office/Prof Site Description: Aerials Available; Landscaped; Level; Site – Plan; Survey Utilities: All Utilities; Electric-3 Phase; Natural Gas – Available; Internet – Broadband Available; Public Sewer – Connected; Water Connected; Underground Utilities
Listing Office: Counts Real Estate Group Inc
Last Updated: October – 04 – 2024
Information deemed reliable but not guaranteed.