2875 W 23rd Street, Panama City, FL 32405 (MLS# 693785)

2875 W 23rd Street, Panama City, FL 32405

$675,000

Virtual Tour

https://imprv.co/hj2jzd3

New Intersection will open up the line of site to the building

Existing aerial - compared to new intersection, what a difference

Two Drive way cuts - hard to get with this small of a parcel anymore

Property Type: Commercial for Sale Square Footage: 2,640 Lot Size (sq. ft.): 28,750 Status: Sold

Current Price: $675,000 List Date: 2/12/2020 Last Modified: 10/04/2024

Overview

Description

Great opportunity to purchase a free-standing building with a drive-thru. This type of location is hard to duplicate at this price point and track record of success. The new widening of the Hwy 390 and 23rd St. intersection should only enhance this location for years to come. Inside the building needs some updating inside and some build out, but the bones of the structure are solid. Easy to show and see photos attached for details. Owner will consider owner financing with 25% down at 7% over 20 years with a 5 year balloon

Listing Details MLS# 693785

Contract Info

List Price/SqFt: 302.65
Sub-Type: Retail

Location

Area: 02 – Bay County – Central
Street #: 2875
Street Direction: W
Street Name: 23rd
Street Suffix: Street
State: FL
Zip Code: 32405
County: Bay
Sub Area: 0203 – Bay – Central SW
Business Name: Former Outlaws BBQ
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 28477-017-000
Elementary School: Northside
Middle School: Jinks
High School: Bay
Directions: 23rd St. just East of St. Andrew Blvd on South side of Road.
Legal Description: 36 3S 15W -5.14- BEG 2481.58' W OF INT S R/W LI 23RD ST & E SEC LI TH S 250' W 110' N 250' E 110' TO POB SUBJ TO ESMT. ORB 3332 P 788

General Property Info

List Class: Commercial
Immediate Occupancy: Yes
Construction Status: Construction Complete
# of Units: Yes
SqFt Unit: 2088
# of Stories in Building: Yes
Site Dimensions: 100' x 250'
Acreage: 0.66
Frontage Ft: 100
Lot Depth: 250
Lot SqFt: 25000
SqFt Tot Bldg: 2640
Year Built: 1982
Ceiling Height: 10

Status Change Info

Under Contract Date: 2021-02-09
Sold Date: 2021-03-05
Sold Price/SqFt: 255.68
Sold Price/Acre: 1022727.27

Other

Year Built: 1982

Listing Info, Tax and Legal

HOA Fee: No

More Information

Remarks & Misc

Remarks: Great opportunity to purchase a free-standing building with a drive-thru. This type of location is hard to duplicate at this price point and track record of success. The new widening of the Hwy 390 and 23rd St. intersection should only enhance this location for years to come. Inside the building needs some updating inside and some build out, but the bones of the structure are solid. Easy to show and see photos attached for details. Owner will consider owner financing with 25% down at 7% over 20 years with a 5 year balloon

Construction/Siding

Concrete: Yes
Floor – Tile: Yes
Roof – Dimensional Shg: Yes
Roof – Tile/Slate: Yes
Siding – Stucco: Yes

Energy

AC – Central Elect: Yes
Heat – Central Electric: Yes

Financing

Cash: Yes
Seller Financing: Yes

Utilities

All Utilities: Yes
Natural Gas – Available: Yes

Business/Property

Freestanding Building: Yes
Sign: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Central: Yes
Heat – Central Electric: Yes

Property Features

Energy: AC – Central Elect; Heat – Central Electric Financing: Cash; Seller Financing Utilities: All Utilities; Natural Gas – Available

Listing Office: Counts Real Estate Group Inc

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.