16422 Front Beach Road, Panama City Beach, FL 32413

$2,600,000
Property Type: Commercial for Sale Square Footage: 6,750 Lot Size (sq. ft.): 23,958 Status: Sold
Current Price: $2,600,000 List Date: 2/09/2022 Last Modified: 10/04/2024

Overview

Description

Last large parcel within walking distance approximately 400 feet to Pier Park. Beach access directly across from the property. This property consists of four lots within two parcels. Zoning is T-3 for this property and there is 200 feet of road frontage on Front Beach Road with ocean views. There is access to the whole property on the back from a residential street.The commercial zoning allows multi-use for almost everything: townhomes, condos (possibly 12), motel, retail, etc. Zoning allows for three stories with 35 foot height from the center elevations of the road to the top ceiling. Land is very level, so there appears to be very little fill needed. Now, with all the extensive building going on with homes on the west end of the Beaches, the value is obviously in the land BUT currently

Supplements: on the property is a 6000 square foot building that has multiple business opportunities. First floor is retail that was an ice cream shop and bar/lounge. New front facade with stacked stone, travertine and stucco finish on block walls as the front appearance. You could actually sell off the two lots and still have parking for the remaining business

Listing Details MLS# 722101

Contract Info

List Price/SqFt
474.07
Sub-Type
Income Producing

Location

Area
03 – Bay County – Beach
Street #
16422
Street Name
Front Beach
Street Suffix
Road
State
FL
Zip Code
32413
County
Bay
Sub Area
0320 – Beach – Middle Central
Lot
7,8,9,10
Block
C
Subdivision
Lullwater Beach
Community/Resort
None
Waterfront
No
Parcel ID
33680-000-000
Elementary School
Hutchison Beach
Middle School
Surfside
High School
Arnold
Directions
Heading west down Front Beach Road just 400+ feet past Pier Park on the North side of the Road.
Legal Description
LULLWATER BEACH 2ND PLAT LOTS 7, 8, 9 ORB 1085 P 1580 ORB 1099 P 1903 BLK C ORB 2677 P 1973

General Property Info

List Class
Bar/Restaurant
Immediate Occupancy
Yes
Construction Status
Under Construction
# of Stories in Building
2
Site Dimensions
200×120
Acreage
0.55
Frontage Ft
200
Lot Depth
120
Lot SqFt
24000
SqFt HVAC
6750
SqFt Retail
5100
SqFt Tot Bldg
6750
Year Built
1966
Association Fee
0

Status Change Info

Under Contract Date
2022-02-16
Sold Date
2022-03-30
Sold Price/SqFt
385.19
Sold Price/Acre
4727272.73

Listing Info, Tax and Legal

HOA Fee
No

More Information

Remarks & Misc

Remarks
Last large parcel within walking distance approximately 400 feet to Pier Park. Beach access directly across from the property. This property consists of four lots within two parcels. Zoning is T-3 for this property and there is 200 feet of road frontage on Front Beach Road with ocean views. There is access to the whole property on the back from a residential street.The commercial zoning allows multi-use for almost everything: townhomes, condos (possibly 12), motel, retail, etc. Zoning allows for three stories with 35 foot height from the center elevations of the road to the top ceiling. Land is very level, so there appears to be very little fill needed. Now, with all the extensive building going on with homes on the west end of the Beaches, the value is obviously in the land BUT currently

Construction/Siding

Block
Yes

Energy

AC – Central Elect
Yes
Ceiling Fans
Yes

Financing

Cash
Yes
Conventional
Yes

Present Zoning

General Commercial
Yes
Resid Multi-Family
Yes

Utilities

All Utilities
Yes

Waterview

Gulf
Yes

Business/Property

Freestanding Building
Yes
Furnished – Some
Yes
Restrooms – Private
Yes
Seating Up to 199
Yes

Floors in Unit/Home

Two
Yes

Heating/Cooling

AC – Central
Yes

Site Description

Cleared
Yes

Transport. Access

Paved
Yes

Property Features

Energy: AC – Central Elect; Ceiling Fans Financing: Cash; Conventional Present Zoning: General Commercial; Resid Multi-Family Site Description: Cleared Utilities: All Utilities Waterview: Gulf
Listing Office: Top Producers Real Estate Center
Last Updated: October – 04 – 2024
Information deemed reliable but not guaranteed.