510 E 23rd Street, Panama City, FL 32405 (MLS# 601644)

510 E 23rd Street, Panama City, FL 32405

$7,750,000

Property Type: Commercial Land Lot Size (sq. ft.): 1,502,820 Status: Sold

Current Price: $7,750,000 List Date: 8/23/2012 Last Modified: 10/08/2024

Overview

Description

34.5+/- Acres – Southwest Corner of Highway 77 and 23rd Street. The most prime commercial location in Panama City – Bay County, Florida. The site every major retailer and developer has tried to purchase. Never before offered on the open market. The highest traveled commercial corridors in the market. Traffic signals at 23rd Street and Highway 77 and Wilson Avenue. Across from Panama City Mall (Sears, Penney’s, Dillards, etc.) Target, Lowes, Home Depot, near hospitals, doctors, hotels, restaurants and banks. 34.5+/- Acres – 1,263+/- feet on 23rd Street; 1,095+/- feet on Highway 77; 1,244+/- feet on Wilson Avenue; 1,273+/- feet on the south. Zoning – General Commercial (C-2) – City of Panama City. Utilities – water and sewer – City of Panama City; Traffic Count – 32,500 – 23rd

Supplements: Street; 24,000 – Highway 77 (F.D.O.T. 2011). 23rd Street and Highway 77 are four lanes plus center turn lane – no medians. The site was previously utilized as a homestead and the family's auto salvage business for decades (closed 2010). The property is being sold as is where is, without representations or warranties from seller. The seller reserves … (Read more)

Listing Details MLS# 601644

Location, Tax & Legal

Street #: 510
Street Direction: E
Street Name: 23rd
Street Suffix: Street
State: FL
Zip Code: 32405
County: Bay
Area: 02 – Bay County – Central
Subdivision: No Named Subdivision
Parcel ID: 14411-000-000
Legal Description: 34.5+/- Acres; 1.263+/- Ft. on 23rd Street; 1,095+- Ft. on Highway 77; 1,244+/- Ft. on Wilson Avenue; 1,273+/- on the south. Bay County Florida Parcel Numbers – 14411-010-000; 14414-000-000; 14411-000-000; 14425-000-000; 14411-005-000; 14411-006-000; 14411-007-000; 14412-000-000; less strip south of and adjacent to Luigi's BG Pasta and Pizza.
Sub Area: 0203 – Bay – Central SW
Community/Resort: None
Elementary School: Patterson
Middle School: Rosenwald
High School: Bay
Directions: SOUTHWEST CORNER OF HIGHWAY 77 AND 23RD STREET
HOA Fee: No

Contract Info

List Price/Acre: 362318.84
Sub-Type: Land/Acres

General Property Info

Acreage: 34.5
Frontage Feet: 1263

Status Change Info

Under Contract Date: 2014-04-15
Sold Date: 2015-01-26
Sold Price/Acre: 224637.68

Remarks & Misc

Remarks: 34.5+/- Acres – Southwest Corner of Highway 77 and 23rd Street. The most prime commercial location in Panama City – Bay County, Florida. The site every major retailer and developer has tried to purchase. Never before offered on the open market. The highest traveled commercial corridors in the market. Traffic signals at 23rd Street and Highway 77 and Wilson Avenue. Across from Panama City Mall (Sears, Penney's, Dillards, etc.) Target, Lowes, Home Depot, near hospitals, doctors, hotels, restaurants and banks. 34.5+/- Acres – 1,263+/- feet on 23rd Street; 1,095+/- feet on Highway 77; 1,244+/- feet on Wilson Avenue; 1,273+/- feet on the south. Zoning – General Commercial (C-2) – City of Panama City. Utilities – water and sewer – City of Panama City; Traffic Count – 32,500 – 23rd

Financing

Cash: Yes
Conventional: Yes

More Information

Lot Features

Aerials/Topo Available: Yes
Corner Lot: Yes
Other – See Remarks: Yes

Lot/Parcel Access

City Road: Yes

Present Zoning

City: Yes
Commercial: Yes

Utilities

Electricity – Availabile: Yes

TransportationAccess

4 – Lane: Yes
Bus Service: Yes
Center Turn Lane: Yes
City Road: Yes

Property Features

TransportationAccess: 4 – Lane; Bus Service; Center Turn Lane; City Road Financing: Cash; Conventional Lot Features: Aerials/Topo Available; Corner Lot; Other – See Remarks Utilities: Electricity – Availabile Present Zoning: Commercial

Listing Office: Counts Real Estate Group

Last Updated: October – 08 – 2024

Information deemed reliable but not guaranteed.