305 E BEACH Drive, Panama City, FL 32401

$2,650,000
Property Type: Commercial Land Lot Size (sq. ft.): 174,000 Status: Sold
Current Price: $2,650,000 List Date: 10/22/2020 Last Modified: 10/08/2024

Overview

Description

BACK ON MARKET- New updated engineering drawings and renderings coming soon: SITE: This outstanding development opportunity is located in close proximity to Panama City marina / hotel redevelop plan.. The site encompasses 3.81 acres with approximately 780 feet of waterfront on protected Massalina Bayou. OPPORTUNITY: Site engineering and has been completed for 60 units with 49 slip marina. LOCATION: This site is located at the foot of the Beach Drive draw-bridge close to the Cove area of Panama City and downtown Panama City. TIMING: As the City of Panama City continues to move forward on marina redevelopment, proposed marina hotel, property owners and developers will work to identify ways to leverage the anticipated growth with new development opportunities.

Listing Details MLS# 660551

Location, Tax & Legal

Street #
305
Street Direction
E
Street Name
BEACH
Street Suffix
Drive
State
FL
Zip Code
32401
County
Bay
Area
02 – Bay County – Central
Subdivision
No Named Subdivision
Parcel ID
20154-000-000
Legal Description
9 4S 14W -1- 70A ALL THAT PART OF NW1/4 OF SW1/4 LYING S & E OF MASSALINA BAYOU LESS DAVIS PLATS & LESS PCLS -1.1- & -1.2 SUBJ TO CONS ESMT OR3108 P1693 SUBJ TO CONS ESMT OR3108 P1714 ORB 2563 P 902-905 (3.21 acres) together with parcel 19528-000-000 (.596 Acre)
Sub Area
0203 – Bay – Central SW
Business Name
Massalina Harbor
Community/Resort
None
Waterfront
Yes
Section
09
Township
04S
Range
14W
Elementary School
Cherry Street
Middle School
Jinks
High School
Bay
Directions
From Downtown Harrison Ave, turn East on Beach Drive, cross Massalina Bayou Draw Bridge and property is on the left along the shores of Massalina Bayou
HOA Fee
No

Contract Info

List Price/Acre
689223.06
Sub-Type
Unimproved Commercial
List Type
Exclusive Right of Sale

General Property Info

Site Dimensions
(see Plot Plan)
Acreage
3.99
Lot Size (SqFt)
174000
Frontage Feet
780
Is Subject Leased
No

Status Change Info

Under Contract Date
2021-05-18
Sold Date
2021-09-30
Sold Price/Acre
664160.4

Waterfront Feature

Waterfront Feet
780
Shore – Natural
Yes

Remarks & Misc

Remarks
BACK ON MARKET- New updated engineering drawings and renderings coming soon: SITE: This outstanding development opportunity is located in close proximity to Panama City marina / hotel redevelop plan.. The site encompasses 3.81 acres with approximately 780 feet of waterfront on protected Massalina Bayou. OPPORTUNITY: Site engineering and has been completed for 60 units with 49 slip marina. LOCATION: This site is located at the foot of the Beach Drive draw-bridge close to the Cove area of Panama City and downtown Panama City. TIMING: As the City of Panama City continues to move forward on marina redevelopment, proposed marina hotel, property owners and developers will work to identify ways to leverage the anticipated growth with new development opportunities.

More Information

Financing

None
Yes

Lot Features

Aerials/Topo Available
Yes
Site Plan
Yes
Survey Available
Yes
Topographical Survey
Yes
Waterfront
Yes

Lot/Parcel Access

City Road
Yes
Paved Road
Yes

Present Zoning

City
Yes
Other – See Remarks
Yes

Utilities

All Utilities
Yes
TV Cable
Yes
Fuel – Natural Gas
Yes
Natural Gas – Available
Yes
Internet – Broadband Available
Yes
Public Sewer – Connected
Yes
Water Connected
Yes

Waterview

Bay
Yes
Bayou
Yes

Waterfront Type

Bayou w/ Gulf Access
Yes
Gulf/Pass
Yes
Harbor w/ Gulf Access
Yes

TransportationAccess

Access-Intercoastal
Yes
Bus Service
Yes
City Road
Yes
Paved
Yes

Property Features

TransportationAccess: Access-Intercoastal; Bus Service; City Road; Paved Financing: None Lot Features: Aerials/Topo Available; Site Plan; Survey Available; Topographical Survey; Waterfront Utilities: All Utilities; Fuel – Natural Gas; Natural Gas – Available; Internet – Broadband Available; Public Sewer – Connected; Water Connected; TV Cable Waterfront Type: Bayou w/ Gulf Access; Gulf/Pass; Harbor w/ Gulf Access Waterfront Feature: Shore – Natural Present Zoning: Other – See Remarks Waterview: Bay; Bayou
Listing Office: ERA Neubauer Real Estate Inc
Last Updated: October – 08 – 2024
Information deemed reliable but not guaranteed.