17842 ASHLEY Drive, Panama City Beach, FL 32413
$1,250,000
Property Type:
Commercial for Sale
Square Footage:
16,200
Lot Size (sq. ft.):
92,783
Status:
Sold
Current Price:
$1,250,000
List Date:
10/13/2015
Last Modified:
10/04/2024
Overview
Description
Listing Details MLS# 637043
Contract Info
- List Price/SqFt
- 92.59
- Sub-Type
- Income Producing
Location
- Area
- 03 – Bay County – Beach
- Street #
- 17842
- Street Name
- ASHLEY
- Street Suffix
- Drive
- State
- FL
- Zip Code
- 32413
- County
- Bay
- Sub Area
- 0322 – Beach – North West
- Subdivision
- Beach Commerce Park
- Community/Resort
- None
- Parcel ID
- 38324-501-000
- Elementary School
- West Bay
- Middle School
- Surfside
- High School
- Arnold
- Directions
- From Hwy 79, Travel West 2.5 miles to Ashley Drive, the 2nd Entrance into Beach Commerce Park, just Past Ace Home Helpers. Than, go North or Right and first set of buildings on left. Directly behind McNeil Carroll Engineering office.
- Legal Description
- BEACH COMMERCE PARK PH 1A 20 LOT 1 & PCL DESC AS: COM AT INTERSECT OF THE NLY R/W LINE SR #30A WITH W LINE OF SEC 12 N 259.41' FOR POB TH CONT N 195.59' TO SW COR OF LOT 1 E 271.10' TO NWLY R/W OF ASHLEY DR SWLY 121.34' SWLY 118.32' W 135.25' TO POB ORB 2265 P 313 ORB 2868 P 1395
General Property Info
- List Class
- Commercial
- Immediate Occupancy
- No
- Construction Status
- Construction Complete
- # of Units
- 5
- SqFt Unit
- 16000
- Acreage
- 2.13
- Frontage Ft
- 450
- SqFt HVAC
- 16200
- SqFt Tot Bldg
- 16200
- Year Built
- 2006
- Association Fee
- 350
- Association Fee Per
- Quarterly
Status Change Info
- Under Contract Date
- 2016-03-18
- Sold Date
- 2016-05-27
- Sold Price/SqFt
- 77.16
- Sold Price/Acre
- 586854.46
Income Producing
- Year Built
- 2006
- Building SqFt
- 16200
- Price P/SqFt
- 94
- Annual Gross Income
- 109000
- Expenses
- 16000
- Net Operating Income
- 93000
- Cap Rate
- 6.2
Listing Info, Tax and Legal
- HOA Fee
- Yes
- HOA Amount
- 350
- HOA Frequency
- Quarterly
More Information
Remarks & Misc
- Remarks
- Great Opportunity to own income producing property on the beach in the only zoned industrial subdivision on the beach. Property consist of three separate buildings with each building being approximately 5,000 SF on over two acres of land with 450' of frontage. Plus, the buildings are all leased to quality tenants on long term leases with increases. Rent roll available subject to confidentiality agreement.
Construction/Siding
- Floor – Concrete
- Yes
- Foundation – Slab on Grade
- Yes
- Roof – Metal
- Yes
- Siding – Metal
- Yes
Financing
- Cash
- Yes
- Conventional
- Yes
Present Zoning
- City
- Yes
- Industrial Light
- Yes
Utilities
- All Utilities
- Yes
Business/Property
- Anchor Tenant
- Yes
- Freestanding Building
- Yes
Floors in Unit/Home
- One
- Yes
Heating/Cooling
- AC – HVAC
- Yes
Offering Type
- Sale Only
- Yes
Site Description
- Aerials Available
- Yes
- Corner Location
- Yes
- Landscaped
- Yes
Transport. Access
- 2-Lane
- Yes
- 4-Lane
- Yes
- City Road
- Yes
- Near Airport
- Yes
- Paved
- Yes
Property Features
Financing:
Cash; Conventional
Offering Type:
Sale Only
Present Zoning:
Industrial Light
Site Description:
Aerials Available; Corner Location; Landscaped
Utilities:
All Utilities
Listing Office:
Counts Real Estate Group Inc
Last Updated: October – 04 – 2024
Information deemed reliable but not guaranteed.