401 E 23RD Street A-J, Panama City, FL 32405
$2,058,000
Property Type:
Commercial for Sale
Square Footage:
17,302
Lot Size (sq. ft.):
148,975
Status:
Sold
Current Price:
$2,058,000
List Date:
12/10/2017
Last Modified:
10/04/2024
Overview
Description
Listing Details MLS# 665155
Contract Info
- List Price/SqFt
- 130.04
- Sub-Type
- Income Producing
Location
- Area
- 02 – Bay County – Central
- Street #
- 401
- Street Direction
- E
- Street Name
- 23RD
- Street Suffix
- Street
- Unit #
- A-J
- State
- FL
- Zip Code
- 32405
- County
- Bay
- Sub Area
- 0204 – Bay – Central NW
- Business Name
- 23rd Street Plaza
- Subdivision
- No Named Subdivision
- Community/Resort
- None
- Waterfront
- No
- Parcel ID
- 12976-070-000
- Section
- 28
- Township
- 3S
- Range
- 14W
- Elementary School
- Hiland Park
- Middle School
- Jinks
- High School
- Bay
- Directions
- 23rd Street Plaza is within the Home Depot Power Center on 23rd Street. The Plaza is the building on the west-side of Home Depot.
- Legal Description
- 28 3S 14W -107.48- 104B ST AND BAY DEV CO PLAT COM AT SW COR OF SEC N 660.11' E 50' TO E R/W HARRISON AV CONT E 602.79' FOR POB N 216.41' E 281' S 316.72' W 3.67' S 230.10' TO S LINE LOT 119 W 272.42' N 329.69' W 11.51' TO POB ORB 3640 P 1791
General Property Info
- List Class
- Commercial
- Immediate Occupancy
- No
- Construction Status
- Construction Complete
- # of Units
- 10
- Acreage
- 3.42
- Lot Depth
- 547
- SqFt HVAC
- 17302
- SqFt Retail
- 17302
- SqFt Tot Bldg
- 17302
- Year Built
- 2005
Status Change Info
- Under Contract Date
- 2018-03-01
- Sold Date
- 2018-03-15
- Sold Price/SqFt
- 118.95
- Sold Price/Acre
- 601754.39
Income Producing
- Year Built
- 2005
- Building SqFt
- 17302
- Net Operating Income
- 202590
- Cap Rate
- 9
Listing Info, Tax and Legal
- HOA Fee
- Yes
- HOA Amount
- 9000
- HOA Frequency
- Annually
More Information
Remarks & Misc
- Remarks
- 23rd Street Plaza is a shadow strip center within the Home Depot Power Center on 23rd Street. The 17,302 square foot building is 100% occupied. The current Net Operating Income is $202,590, which equates to a 9.0% Cap Rate at the $2.25M sale price. Easy access via the signalized intersection of 23rd Street and Wilson Avenue, which is the main entrance to the Center. Additional ingress and egress to Harrison Avenue and via easements to Highway 77. Detailed financials and lease terms available upon request and execution of a confidentiality agreement.
Construction/Siding
- Block
- Yes
- Clear Span
- Yes
- Floor – Concrete
- Yes
- Floor – Hardwood
- Yes
- Floor – Tile
- Yes
- Floor – Vinyl
- Yes
- Floor – W/W Carpet
- Yes
- Roof – Sloping
- Yes
Energy
- AC – 2 or More
- Yes
Association Fees Include
- Ground Keeping
- Yes
Financing
- Cash
- Yes
- Construction Perm
- Yes
Present Zoning
- City
- Yes
- Commercial
- Yes
Utilities
- All Utilities
- Yes
- TV Cable
- Yes
- Natural Gas – Available
- Yes
- Pest Control
- Yes
- Phone – Connected
- Yes
- Public Sewer – Connected
- Yes
- Water Connected
- Yes
Business/Property
- Display Windows
- Yes
- Freestanding Building
- Yes
- Furnished – None
- Yes
- Handicapped Access
- Yes
- Handicapped Facilities
- Yes
- Kitchen Area
- Yes
- Office Area
- Yes
- Restrooms – Private
- Yes
- Restrooms – Public
- Yes
- Sign
- Yes
Floors in Unit/Home
- One
- Yes
Heating/Cooling
- AC – Entire
- Yes
Offering Type
- Sale Only
- Yes
Pricing Type
- Sale Price
- Yes
Transport. Access
- 2-Lane
- Yes
- Center Turn Lane
- Yes
- City Road
- Yes
- County Road
- Yes
- Deeded Access
- Yes
- Paved
- Yes
- Private
- Yes
- Road Easement
- Yes
- Other – See Remarks
- Yes
Property Features
Energy:
AC – 2 or More
Financing:
Cash; Construction Perm
Offering Type:
Sale Only
Pricing Type:
Sale Price
Present Zoning:
Commercial
Utilities:
All Utilities; Natural Gas – Available; Pest Control; Phone – Connected; Public Sewer – Connected; Water Connected; TV Cable
Listing Office:
Counts Real Estate Group Inc
Last Updated: October – 04 – 2024
Information deemed reliable but not guaranteed.