3009 Highway 77, Panama City, FL 32405
$4,700,000
Property Type:
Commercial for Sale
Square Footage:
29,428
Lot Size (sq. ft.):
139,392
Status:
Sold
Current Price:
$4,700,000
List Date:
7/14/2020
Last Modified:
10/04/2024
Overview
Description
Listing Details MLS# 699626
Contract Info
- List Price/SqFt
- 159.71
- Sub-Type
- Income Producing
Location
- Area
- 02 – Bay County – Central
- Street #
- 3009
- Street Name
- Highway 77
- State
- FL
- Zip Code
- 32405
- County
- Bay
- Sub Area
- 0204 – Bay – Central NW
- Business Name
- BALDWIN PLACE
- Subdivision
- No Named Subdivision
- Community/Resort
- None
- Waterfront
- No
- Parcel ID
- 12859-010-000
- Section
- 28
- Township
- 3S
- Range
- 14w
- Elementary School
- Hiland Park
- Middle School
- Mowat
- High School
- Mosley
- Directions
- Baldwin Place is located at the northwest corner of Highway 77 and Baldwin Road. Between Centennial Bank and CarQuest Autoparts. Haney Vocational School is located across the street on the east-side of Highway 77.
- Legal Description
- 28 3S 14W -3.1- 104B ST AND BAY DEV CO PLAT BEG AT INTERSECT OF N LINE OF LOT 5 & W R/W OF SR# 77 S 459.77' W 302.49' N 459.77' E 302.04' TO POB ORB 2409 P 1639
General Property Info
- List Class
- Commercial
- Immediate Occupancy
- No
- Possession Date
- Not applicable
- Construction Status
- Construction Complete
- # of Stories in Building
- Yes
- Site Dimensions
- 302 x 460
- Acreage
- 3.2
- Frontage Ft
- 302
- Lot Depth
- 460
- Lot SqFt
- 138920
- SqFt HVAC
- 26994
- SqFt Retail
- 26994
- SqFt – Workarea
- 26994
- SqFt – Office
- 26994
- SqFt Tot Bldg
- 29428
- Year Built
- 2006
Status Change Info
- Under Contract Date
- 2020-09-15
- Sold Date
- 2020-12-18
- Sold Price/SqFt
- 159.71
- Sold Price/Acre
- 1468750
Income Producing
- Year Built
- 2006
- Net Operating Income
- 435650
- Cap Rate
- 9.5
Listing Info, Tax and Legal
- HOA Fee
- No
More Information
Remarks & Misc
- Remarks
- Baldwin Place is a prime office strip center, centrally located in Panama City. The Center maintains high occupancy rates and long-term tenants. 100% Occupied. Long-term tenants. $446,109 Net Operating Income. 9.5% Cap Rate! Located at the northwest corner of Highway 77 and Baldwin Road (Adjacent to Centennial Bank). Signalized intersection at Baldwin Road and Highway 77 along with an additional median-cut and deceleration lane on Highway 77. Detailed Financials, Rent Roll and Tenant data available upon request and receipt of a confidentiality agreement. Priced to sell quickly.
Construction/Siding
- Clear Span
- Yes
- Concrete
- Yes
- Floor – Concrete
- Yes
- Floor – Tile
- Yes
- Floor – Vinyl
- Yes
- Floor – W/W Carpet
- Yes
- Foundation – Slab on Grade
- Yes
- Steel/Frame
- Yes
- Roof – Metal
- Yes
- Roof – Sloping
- Yes
- Siding – Metal
- Yes
- Siding – Stucco
- Yes
Energy
- AC – 2 or More
- Yes
- AC – Central Elect
- Yes
- AC – High Efficiency
- Yes
- Heat – High Efficiency
- Yes
- Water Heater – Electric
- Yes
Financing
- Cash
- Yes
- Conventional
- Yes
Present Zoning
- City
- Yes
- Commercial
- Yes
Utilities
- All Utilities
- Yes
- Electric 220/240
- Yes
- Public Sewer – Connected
- Yes
- Water Connected
- Yes
Sale Type
- As Is
- Yes
Floors in Unit/Home
- One
- Yes
Heating/Cooling
- AC – Central
- Yes
- AC – Entire
- Yes
- AC – HVAC
- Yes
- Heat – Central Electric
- Yes
- Heat – HVAC
- Yes
Offering Type
- Real Estate
- Yes
- Sale with Lease
- Yes
Site Description
- Aerials Available
- Yes
- Easement(s)
- Yes
Transport. Access
- City Road
- Yes
- Divided Highway
- Yes
- Median Cut
- Yes
- Paved
- Yes
Property Features
Energy:
AC – 2 or More; AC – Central Elect; AC – High Efficiency; Heat – High Efficiency; Water Heater – Electric
Financing:
Cash; Conventional
Offering Type:
Real Estate; Sale with Lease
Present Zoning:
Commercial
Sale Type:
As Is
Site Description:
Aerials Available; Easement(s)
Utilities:
All Utilities; Electric 220/240; Public Sewer – Connected; Water Connected
Listing Office:
Counts Real Estate Group Inc
Last Updated: October – 04 – 2024
Information deemed reliable but not guaranteed.