226 & 300 226 23rd Street 226 & 300, Panama City, FL 32405 (MLS# 608820)

226 & 300 226 23rd Street 226 & 300, Panama City, FL 32405

$725,000

Property Type: Commercial for Sale Square Footage: 13,609 Lot Size (sq. ft.): 68,825 Status: Sold

Current Price: $725,000 List Date: 5/03/2013 Last Modified: 10/03/2024

Overview

Description

INCOME PRODUCING INVESTMENT OFFERING! Leasehold interest only being sold, subject to existing ground lease, tenant’s leases and easements. This offering includes two free standing, income producing retail buildings on adjacent parcels, with addresses as 226 and 300 23rd. St., respectively. The building at 226 23rd St. is 5,084 Sq. Ft. with one long term tenant and the building at 300 23rd. St. is 8,500 Sq. Ft. built out to accommodate three tenants, presently with one vacancy. Both buildings have a long and successful track record of maintaining current retail lease rates, quality tenants and an attractive ROI.

Listing Details MLS# 608820

Contract Info

List Price/SqFt: 60.62
Sub-Type: Other

Location

Area: 02 – Bay County – Central
Street #: 226 & 300
Street Name: 226 23rd
Street Suffix: Street
Unit #: 226 & 300
State: FL
Zip Code: 32405
County: Bay
Sub Area: 0204 – Bay – Central NW
Business Name: INVESTMENT OPPORTUNI
Subdivision: No Named Subdivision
Community/Resort: None
Parcel ID: 13016-010-010
Directions: Property is on the North side of 23rd. St. between Jenks Ave. and State. Ave., midway between the Panama City Mall and Sam's Club.
Legal Description: (236 23rd. St):29 3S 14W -17.1C- 91A ST AND BAY DEV CO PLAT W 140.48' OF LOT 126 LESS 23RDST R/W (MOVIE GALLERY) ORB 1602 P 1003 and (300 23rd St.):29 3S 14W -17.1C- 91A ST AND BAY DEV CO PLAT W 140.48' OF LOT 126 LESS 23RDST R/W (MOVIE GALLERY) ORB 1602 P 1003 The legal description shown here may be condensed for assessment purposes. Exact description may be obtained from the recorded deed.

General Property Info

List Class: Commercial
Immediate Occupancy: No
Construction Status: Construction Complete
Acreage: 1.58
SqFt Tot Bldg: 13609
Year Built: 1996

Status Change Info

Under Contract Date: 2013-09-02
Sold Date: 2013-11-30
Sold Price/SqFt: 53.27
Sold Price/Acre: 458860.76

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: INCOME PRODUCING INVESTMENT OFFERING! Leasehold interest only being sold, subject to existing ground lease, tenant's leases and easements. This offering includes two free standing, income producing retail buildings on adjacent parcels, with addresses as 226 and 300 23rd. St., respectively. The building at 226 23rd St. is 5,084 Sq. Ft. with one long term tenant and the building at 300 23rd. St. is 8,500 Sq. Ft. built out to accommodate three tenants, presently with one vacancy. Both buildings have a long and successful track record of maintaining current retail lease rates, quality tenants and an attractive ROI.

More Information

Financing

Cash: Yes
Conventional: Yes

Present Zoning

General Commercial: Yes

Sale Type

Other – See Remarks: Yes

Pricing Type

Sale Price: Yes

Transport. Access

4-Lane: Yes

Property Features

Financing: Cash; Conventional Pricing Type: Sale Price Present Zoning: General Commercial Sale Type: Other – See Remarks

Listing Office: SITE SOLUTIONS COMMERCIAL REAL ESTATE LLC

Last Updated: October – 03 – 2024

Information deemed reliable but not guaranteed.