409 Maple Avenue, Panama City, FL 32401 (MLS# 706257)

409 Maple Avenue, Panama City, FL 32401

$1,500,000

Property Type: Commercial for Sale Square Footage: 2,100 Lot Size (sq. ft.): 217,800 Status: Sold

Current Price: $1,500,000 List Date: 5/11/2021 Last Modified: 10/04/2024

Overview

Description

This development opportunity consists of multiple means of acquisition. Currently 23 lots would be inclusive to this sale. Each lot would have the availability to lease a deep water slip with each sale at the amount of $1,000.00 per slip per year. The boat slip has the capability of housing a boat up to 50′ in length. This is an excellent investment opportunity to complete development of a waterfront community with excellent access to the Bayou and the Bay and the Gulf. The seller will consider financing the development with a minimum of 30% down. The Marina can also be purchased outright as well as the parcel where the marina office now exists. That parcel can be divided to build 3 more waterfront homes. The property does have the zoning to do some multi units as well.

Listing Details MLS# 706257

Contract Info

List Price/SqFt: 761.9
Sub-Type: Other

Location

Area: 02 – Bay County – Central
Street #: 409
Street Name: Maple
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0202 – Bay – Central SE
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: Yes
Parcel ID: 22307-000-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: From Harrison Ave and 6th St travel East on 6th St until you cross over Watson Bayou. Take next right on Maple and enter Watson Bayou Marina development on right.
Legal Description: The development property mas multiple Legal descriptions that are attached to listing.

General Property Info

List Class: Commercial
Immediate Occupancy: Yes
Construction Status: Under Construction
Acreage: 5
SqFt Tot Bldg: 2100
Year Built: 2021

Status Change Info

Under Contract Date: 2021-01-21
Sold Date: 2021-05-05
Sold Price/SqFt: 714.29
Sold Price/Acre: 300000

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: This development opportunity consists of multiple means of acquisition. Currently 23 lots would be inclusive to this sale. Each lot would have the availability to lease a deep water slip with each sale at the amount of $1,000.00 per slip per year. The boat slip has the capability of housing a boat up to 50' in length. This is an excellent investment opportunity to complete development of a waterfront community with excellent access to the Bayou and the Bay and the Gulf. The seller will consider financing the development with a minimum of 30% down. The Marina can also be purchased outright as well as the parcel where the marina office now exists. That parcel can be divided to build 3 more waterfront homes. The property does have the zoning to do some multi units as well.

More Information

Present Zoning

Resid Multi-Family: Yes
Resid Single Family: Yes

Association Amenities

Marina: Yes
Waterfront: Yes

Utilities

All Utilities: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Waterview

Bayou: Yes

Sale Type

Accept Backup Offers: Yes
As Is: Yes

Waterfront Type

Bayou w/ Gulf Access: Yes

Waterfront Feature

Shore – Seawall: Yes

Floors in Unit/Home

Three Or More: Yes

Transport. Access

2-Lane: Yes
4-Lane: Yes

Property Features

Present Zoning: Resid Multi-Family; Resid Single Family Sale Type: Accept Backup Offers; As Is Utilities: All Utilities; Public Sewer – Connected; Water Connected Waterfront Type: Bayou w/ Gulf Access Waterfront Feature: Shore – Seawall Waterview: Bayou

Listing Office: Counts Real Estate Group Inc

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.