2026 Hinson Avenue, Panama City Beach, FL 32407 (MLS# 769189)

2026 Hinson Avenue, Panama City Beach, FL 32407

$745,000

Property Type: Commercial for Sale Square Footage: 6,106 Lot Size (sq. ft.): 70,567 Status: Sold

Current Price: $745,000 List Date: 2/21/2025 Last Modified: 4/08/2025

Overview

Description

Income producing property with huge upside potential. The property currently features 8 rental units with multiple warehouses, storage buildings and additional units that can be restored or replaced. Currently grossing approximately $9,400/month. Presently zoned R-5 (Bay County). Fix up the buildings for additional income or enjoy the current cash flow and develop in the future. Excellent location near Front Beach Road. Call today and explore the endless possibilities.

Listing Details MLS# 769189

Contract Info

List Price/SqFt: 130.85
Sub-Type: Income Producing

Location

Area: 03 – Bay County – Beach
Street #: 2026
Street Name: Hinson
Street Suffix: Avenue
State: FL
Zip Code: 32407
County: Bay
Sub Area: 0320 – Beach – Middle Central
Subdivision: Pines Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 27681-000-000
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: Traveling west over Hathaway Bridge, continue straight onto Front Beach Rd, turn right on Hinson Ave, property is on the right.
Legal Description: PINES SUBDIV LOT 29 & BEG NW COR LOT 28 TH E 250' S 60' W 150' S 9' W 100' N 69 ' TO POB BLK 5 ORB 3279 P 1002

General Property Info

List Class: Other
Construction Status: Construction Complete
# of Units: 8
Acreage: 1.62
SqFt Tot Bldg: 6106
Year Built: 1952

Status Change Info

Under Contract Date: 2025-03-05
Sold Date: 2025-04-07
Sold Price/SqFt: 122.01
Sold Price/Acre: 459876.54

Income Producing

Annual Gross Income: 112800

Listing Info, Tax and Legal

HOA Fee: No

More Information

Remarks & Misc

Remarks: Income producing property with huge upside potential. The property currently features 8 rental units with multiple warehouses, storage buildings and additional units that can be restored or replaced. Currently grossing approximately $9,400/month. Presently zoned R-5 (Bay County). Fix up the buildings for additional income or enjoy the current cash flow and develop in the future. Excellent location near Front Beach Road. Call today and explore the endless possibilities.

Other Structures

Shed(s): Yes
Storage: Yes
Workshop: Yes
Other: Yes

Financing

Cash: Yes
Conventional: Yes

Sale Type

As Is: Yes

Floors in Unit/Home

One: Yes

Property Features

Financing: Cash; Conventional Other Structures: Shed(s); Storage; Workshop; Other Sale Type: As Is

Listing Office: CENTURY 21 Commander Realty

Last Updated: April – 08 – 2025

Information deemed reliable but not guaranteed.