2875 W 23rd Street, Panama City, FL 32405
$675,000
Property Type:
Commercial for Sale
Square Footage:
2,640
Lot Size (sq. ft.):
28,750
Status:
Sold
Current Price:
$799,000
List Date:
2/12/2020
Last Modified:
10/04/2024
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
More Information MLS# 693785
Contract Info
List Price/SqFt: 302.65
List Date: 2020-01-30
List Price: $799,000
Current Price: $675,000
Sub-Type: Retail
Location
Sub Area: 0203 – Bay – Central SW
Community/Resort: None
Waterfront: No
Business Name: Former Outlaws BBQ
Elementary School: Northside
Middle School: Jinks
High School: Bay
Directions: 23rd St. just East of St. Andrew Blvd on South side of Road.
Area: 02 – Bay County – Central
Street #: 2875
Street Direction: W
Street Name: 23rd
Street Suffix: Street
State: FL
Zip Code: 32405
County: Bay
Subdivision: [No Recorded Subdiv]
Parcel ID: 28477-017-000
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
Site Dimensions: 100′ x 250′
Acreage: 0.66
Immediate Occupancy: Yes
Construction Status: Construction Complete
# of Units: 1
SqFt Unit: 2088
# of Stories in Building: 1
Frontage Ft: 100
SqFt Tot Bldg: 2640
Lot Depth: 250
Lot SqFt: 25000
Ceiling Height: 10
Year Built: 1982
Listing Info, Tax and Legal
HOA Fee: No
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
Status Change Info
Sold Price/SqFt: 255.68
Sold Price/Acre: 1022727.27
Status: Sold
Under Contract Date: 2021-02-09
Sold Date: 2021-03-05
Sold Price: $675,000
Other
Year Built: 1982
Construction/Siding
Concrete: 1
Floor – Tile: 1
Roof – Dimensional Shg: 1
Roof – Tile/Slate: 1
Siding – Stucco: 1
Energy
AC – Central Elect: 1
Heat – Central Electric: 1
Financing
Cash: 1
Seller Financing: 1
Utilities
All Utilities: 1
Natural Gas – Available: 1
Business/Property
Freestanding Building: 1
Sign: 1
Floors in Unit/Home
One: 1
Heating/Cooling
AC – Central: 1
Heat – Central Electric: 1
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.