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:
$825,000
List Date:
5/03/2013
Last Modified:
10/03/2024
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.
More Information MLS# 608820
Contract Info
List Price/SqFt: 60.62
List Date: 2013-05-01
List Price: $825,000
Current Price: $725,000
Sub-Type: Other
Location
Unit #: 226 & 300
Sub Area: 0204 – Bay – Central NW
Community/Resort: None
Business Name: INVESTMENT OPPORTUNI
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.
Area: 02 – Bay County – Central
Street #: 226 & 300
Street Name: 226 23rd
Street Suffix: Street
State: FL
Zip Code: 32405
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 13016-010-010
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
Acreage: 1.58
Immediate Occupancy: No
Construction Status: Construction Complete
SqFt Tot Bldg: 13609
Year Built: 1996
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.
Status Change Info
Sold Price/SqFt: 53.27
Sold Price/Acre: 458860.76
Status: Sold
Under Contract Date: 2013-09-02
Sold Date: 2013-11-30
Sold Price: $725,000
Financing
Cash: 1
Conventional: 1
Present Zoning
General Commercial: 1
Sale Type
Other – See Remarks: 1
Pricing Type
Sale Price: 1
Transport. Access
4-Lane: 1
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.