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: $6,900,000 List Date: 8/22/2024 Last Modified: 10/30/2024

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 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.

More Information MLS# 748690

Contract Info

List Price/SqFt: 154.36 List Date: 2024-08-22 List Price: $6,900,000 Current Price: $6,200,000 Sub-Type: Income Producing

Location

Sub Area: 0202 – Bay – Central SE Community/Resort: None Waterfront: Yes Business Name: Watson Landings 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. Area: 02 – Bay County – Central Street #: 1654 Street Direction: E Street Name: 5th Street Suffix: Street State: FL Zip Code: 32401 County: Bay Subdivision: No Named Subdivision Parcel ID: 22234-000-000 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 Acreage: 2.86 Immediate Occupancy: Yes Construction Status: Construction Complete Frontage Ft: 437 SqFt Tot Bldg: 44700 Lot Depth: 401 Year Built: 2016

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

Status Change Info

Sold Price/SqFt: 138.7 Sold Price/Acre: 2167832.17 Status: Sold Under Contract Date: 2024-08-24 Sold Date: 2024-10-29 Sold Price: $6,200,000

Office

Year Built: 2009 Building SqFt: 1800

Construction/Siding

Clearance Height 18+ Ft: 1 Floor – Concrete: 1 Foundation – Slab on Grade: 1 Roof – Metal: 1 Siding – Alum Metal: 1

Energy

AC – Central Elect: 1 Ceiling Fans: 1 Heat – Central Electric: 1 Roof Vent: 1

Other Structures

Outdoor Kitchen: 1 Storage: 1

Financing

Cash: 1 Conventional: 1 Seller Financing: 1

Present Zoning

Commercial: 1

Utilities

All Utilities: 1

Waterview

Bayou: 1

Waterfront Type

Bayou w/ Gulf Access: 1

Waterfront Feature

Riparian Rights: 1 Shore – Seawall: 1 Waterfront Feet: 437

Business/Property

Bus Est Five or More Yrs: 1 Freestanding Building: 1 Furnished – All: 1 Handicapped Access: 1 Handicapped Facilities: 1 Kitchen Area: 1 License – Beer & Wine: 1 License – Liquor: 1 Living Quarters: 1 Restrooms – Private: 1 Sign: 1

Floors in Unit/Home

Two: 1

Heating/Cooling

AC – Central: 1

Income Producing

Year Built: 2009 Building SqFt: 44700 Property Type: Other (See Remarks)

Offering Type

Business Name: 1 Real Estate: 1 Sale Only: 1

Pricing Type

Sale Price: 1

Site Description

Aerials Available: 1 Littoral Rights: 1 Site – Plan: 1

Transport. Access

4-Lane: 1

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.