1654 E 5th Street, Panama City, FL 32401 (MLS# 748690)

1654 E 5th Street, Panama City, FL 32401

$6,200,000

Property Type: Commercial for Sale Square Footage: 44,700 Lot Size (sq. ft.): 124,582 Status: Sold

Current Price: $6,200,000 List Date: 8/22/2024 Last Modified: 10/30/2024

Overview

Description

UNDER CONTRACT! TAKING BACKUP OFFERS. Take a look at this like new beautiful full service – turn key Upscale Marina for sale in the Bay County Panama City Florida area. Marina was fully constructed in 2016 and consist of a 44,228 square foot barn for inside storage capacity of up to 240 boats and 2 Taylor boat forklifts. The barn has 3 rows and can easily accommodate a 32 ft boat. Marina is on a 2.5 acre parcel for additional growth such as an outdoor . restaurant, service department etc. The outside wet slips consist of 15 and accommodation of long term rental or transit. On the premises is a large Tiki bar, kitchen. Take a dip on the pristine pool after a long day of fishing.. Fuel depot on site, gift and bait shop and a large 1800 square foot office. On the second floor of the storage barn is a beautiful one bedroom one bath apartment overlooking the Bayou and Marina. An outdoor open air pavilion, 2 ice machines, 2 freezers, 11 courtesy racks, fish cleaning station and tw … (Read more)

Listing Details MLS# 748690

Contract Info

List Price/SqFt: 154.36
Sub-Type: Income Producing

Location

Area: 02 – Bay County – Central
Street #: 1654
Street Direction: E
Street Name: 5th
Street Suffix: Street
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0202 – Bay – Central SE
Business Name: Watson Landings
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: Yes
Parcel ID: 22234-000-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: Go East on US Business 98 past Bay Medical. Stay on Business 98 and property will be on the right.
Legal Description: 10 4S 14W -4- 81A BEG 33' S & 280' NW OF NE COR OF SW1/4 OF NW1/4 TH CONT NWLY ON SR10 FOR 140.5' S TO WATSON BAYOU SELY TO PT S OF POB N TO POB RIP RTS **************AND************* 10 4S 14W -3- BEG 25' S & 208' W OF NE COR OF SW1/4 OF NW1/4 TH W 72' S TO W BAYOU TH ELY ADJ SHORE TO A PT DUE S OF BEG

General Property Info

List Class: Other
Immediate Occupancy: Yes
Construction Status: Construction Complete
Acreage: 2.86
Frontage Ft: 437
Lot Depth: 401
SqFt Tot Bldg: 44700
Year Built: 2016

Status Change Info

Under Contract Date: 2024-08-24
Sold Date: 2024-10-29
Sold Price/SqFt: 138.7
Sold Price/Acre: 2167832.17

Income Producing

Year Built: 2009
Building SqFt: 44700

Office

Year Built: 2009
Building SqFt: 1800

More Information

Waterfront Feature

Waterfront Feet: 437
Riparian Rights: Yes
Shore – Seawall: Yes

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: UNDER CONTRACT! TAKING BACKUP OFFERS. Take a look at this like new beautiful full service – turn key Upscale Marina for sale in the Bay County Panama City Florida area. Marina was fully constructed in 2016 and consist of a 44,228 square foot barn for inside storage capacity of up to 240 boats and 2 Taylor boat forklifts. The barn has 3 rows and can easily accommodate a 32 ft boat. Marina is on a 2.5 acre parcel for additional growth such as an outdoor . restaurant, service department etc. The outside wet slips consist of 15 and accommodation of long term rental or transit. On the premises is a large Tiki bar, kitchen. Take a dip on the pristine pool after a long day of fishing.. Fuel depot on site, gift and bait shop and a large 1800 square foot office. On the second floor of the storage barn is a beautiful one bedroom one bath apartment overlooking the Bayou and Marina. An outdoor open air pavilion, 2 ice machines, 2 freezers, 11 courtesy racks, fish cleaning station and two additional large piers. This is the only inside storage facility in the inner city of Panama City Florida with an estimated population of around 150,000. New city public boat ramp being constructed two parcels down which will increase the fuel/bait sales and additional inside storage. Bank appraisal accomplished in 2019 and available with proper buyer credentials. This will give a potential qualified buyer the actual value of the marina going back to 2019. Centrally located near restaurants and 5 minutes from downtown Panama City. Easy access to the Gulf. Will consider Seller Financing with substantial down.

Office/Member Info

Seller Concessioins: Yes

Construction/Siding

Clearance Height 18+ Ft: Yes
Floor – Concrete: Yes
Foundation – Slab on Grade: Yes
Roof – Metal: Yes
Siding – Alum Metal: Yes

Energy

AC – Central Elect: Yes
Ceiling Fans: Yes
Heat – Central Electric: Yes
Roof Vent: Yes

Other Structures

Outdoor Kitchen: Yes
Storage: Yes

Financing

Cash: Yes
Conventional: Yes
Seller Financing: Yes

Present Zoning

Commercial: Yes

Utilities

All Utilities: Yes

Waterview

Bayou: Yes

Waterfront Type

Bayou w/ Gulf Access: Yes

Business/Property

Bus Est Five or More Yrs: Yes
Freestanding Building: Yes
Furnished – All: Yes
Handicapped Access: Yes
Handicapped Facilities: Yes
Kitchen Area: Yes
License – Beer & Wine: Yes
License – Liquor: Yes
Living Quarters: Yes
Restrooms – Private: Yes
Sign: Yes

Floors in Unit/Home

Two: Yes

Heating/Cooling

AC – Central: Yes

Offering Type

Business Name: Yes
Real Estate: Yes
Sale Only: Yes

Pricing Type

Sale Price: Yes

Site Description

Aerials Available: Yes
Littoral Rights: Yes
Site – Plan: Yes

Transport. Access

4-Lane: Yes

Property Features

Energy: AC – Central Elect; Ceiling Fans; Heat – Central Electric; Roof Vent Financing: Cash; Conventional; Seller Financing Offering Type: Business Name; Real Estate; Sale Only Other Structures: Outdoor Kitchen; Storage Pricing Type: Sale Price Present Zoning: Commercial Site Description: Aerials Available; Littoral Rights; Site – Plan Utilities: All Utilities Waterfront Type: Bayou w/ Gulf Access Waterfront Feature: Riparian Rights; Shore – Seawall Waterview: Bayou

Listing Office: Coastal Sun Realty LLC

Last Updated: October – 30 – 2024

Information deemed reliable but not guaranteed.