3704 W 23rd Street, Panama City, FL 32405 (MLS# 711803)

3704 W 23rd Street, Panama City, FL 32405

$1,300,000

Property Type: Commercial for Sale Square Footage: 9,196 Lot Size (sq. ft.): 56,628 Status: Sold

Current Price: $1,300,000 List Date: 5/20/2021 Last Modified: 10/04/2024

Overview

Description

GREAT INVESTMENT PROPERTY LOCATED ON WEST 23RD STREET. BUILDING WAS COMPLETELY REBUILT TO LIKE NEW CONDITION AFTER HURRICANE MICHAEL. IT CONSISTS OF 4 UNITS. UNIT 1 IS 1200 SF, UNIT B & C ARE 1800 SF EACH, AND UNIT D IS 2520 SF. ALL ARE LEASED AT $16 PER SF WITH THE EXCEPTION OF UNIT D. IT IS CURRENTLY ACTIVE TO LEASE. THE PARKING LOT WAS ALSO RESURFACED DURING THE REBUILD. PARKING IS AVAILABLE IN FRONT, EAST END, AND AT THE REAR OF THE BUILDING. INCUDED IN THE SALE IS THE VACANT LOT TO THE REAR OF THE BUILDING. IT FRONTS 23RD COURT. ANOTHER BUILDING COULD BE CONSTRUCTED ON THE VACANT LOT. LAND IS 1.3 ACRES. SELLER FINANCING IS OFFERED AT 20% DOWN, 6% INTEREST WITH PAYMENTS BASED ON A 30 YEAR TERM WITH A 10 YEAR BALLOON.

Listing Details MLS# 711803

Contract Info

List Price/SqFt: 157.68
Sub-Type: Income Producing

Location

Area: 02 – Bay County – Central
Street #: 3704
Street Direction: W
Street Name: 23rd
Street Suffix: Street
State: FL
Zip Code: 32405
County: Bay
Sub Area: 0204 – Bay – Central NW
Subdivision: Bayview Heights
Community/Resort: Bayview Heights
Waterfront: No
Parcel ID: 27021-000-000
Elementary School: Lucille Moore
Middle School: Jinks
High School: Bay
Directions: LOCATED JUST WEST OF MICHIGAN AVE ON 23RD STREET
Legal Description: BAYVIEW HEIGHTS M79B LOTS 7,8,9.10,11,12,13,14,15, 24, 25, 26, 27, 28, 29, 30, 31, & 32 LESS N 75' OF LOTS 31 & 32 BLK A ORB 1655 P 1085 ORB 2636 P 1123

General Property Info

List Class: Commercial
Construction Status: Construction Complete
# of Units: 4
Acreage: 1.3
Frontage Ft: 225
Lot Depth: 269
Lot SqFt: 56775
SqFt Tot Bldg: 9196
Year Built: 2019

Status Change Info

Under Contract Date: 2021-09-14
Sold Date: 2021-11-01
Sold Price/SqFt: 141.37
Sold Price/Acre: 1000000

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: GREAT INVESTMENT PROPERTY LOCATED ON WEST 23RD STREET. BUILDING WAS COMPLETELY REBUILT TO LIKE NEW CONDITION AFTER HURRICANE MICHAEL. IT CONSISTS OF 4 UNITS. UNIT 1 IS 1200 SF, UNIT B & C ARE 1800 SF EACH, AND UNIT D IS 2520 SF. ALL ARE LEASED AT $16 PER SF WITH THE EXCEPTION OF UNIT D. IT IS CURRENTLY ACTIVE TO LEASE. THE PARKING LOT WAS ALSO RESURFACED DURING THE REBUILD. PARKING IS AVAILABLE IN FRONT, EAST END, AND AT THE REAR OF THE BUILDING. INCUDED IN THE SALE IS THE VACANT LOT TO THE REAR OF THE BUILDING. IT FRONTS 23RD COURT. ANOTHER BUILDING COULD BE CONSTRUCTED ON THE VACANT LOT. LAND IS 1.3 ACRES. SELLER FINANCING IS OFFERED AT 20% DOWN, 6% INTEREST WITH PAYMENTS BASED ON A 30 YEAR TERM WITH A 10 YEAR BALLOON.

More Information

Construction/Siding

Foundation – Slab on Grade: Yes
Roof – Metal: Yes
Siding – Alum Metal: Yes

Energy

AC – Central Elect: Yes
AC – High Efficiency: Yes
Heat – Central Electric: Yes
Heat – High Efficiency: Yes
Water Heater – Electric: Yes

Financing

Cash: Yes
Conventional: Yes
Seller Financing: Yes

Present Zoning

Commercial: Yes

Accessibility Features

Accessible Doors: Yes
Accessible Entrance: Yes

Sale Type

As Is: Yes

Business/Property

Freestanding Building: Yes
Furnished – None: Yes
Handicapped Access: Yes
Restrooms – Private: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Central: Yes
Heat – Central Electric: Yes

Transport. Access

4-Lane: Yes
Median Cut: Yes

Property Features

Accessibility Features: Accessible Doors; Accessible Entrance Energy: AC – Central Elect; AC – High Efficiency; Heat – Central Electric; Heat – High Efficiency; Water Heater – Electric Financing: Cash; Conventional; Seller Financing Present Zoning: Commercial Sale Type: As Is

Listing Office: Varnes Realty

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.