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.