532 N Tyndall Parkway, Panama City, FL 32404 (MLS# 681084)

532 N Tyndall Parkway, Panama City, FL 32404

$1,400,000

Property Type: Commercial for Sale Square Footage: 8,302 Lot Size (sq. ft.): 135,036 Status: Sold

Current Price: $1,400,000 List Date: 3/07/2019 Last Modified: 10/04/2024

Overview

Description

Turnkey Restaurant opportunity in Panana City (Callaway). The property consists of an 8,302 square foot resaurant facility, formally a Sonny’s franchised restaurant. The franchise does not go with the sale. The restaurant has seating for 211 people and has a seperate Bar and Banquet facilities. The building sits on 3.104 acres. The building did receive some minor damage from the storm but is insured and all damage will be repaired. DRASTIC PRICE REDUCTION, Reduced $200,000.

Listing Details MLS# 681084

Contract Info

List Price/SqFt: 201.76
Sub-Type: Other

Location

Area: 02 – Bay County – Central
Street #: 532
Street Direction: N
Street Name: Tyndall
Street Suffix: Parkway
State: FL
Zip Code: 32404
County: Bay
Sub Area: 0202 – Bay – Central SE
Subdivision: St. Andrews Bay Dev. Co.
Community/Resort: None
Waterfront: No
Parcel ID: 06257-000-000
Section: 7
Township: 4S
Range: 13W
Elementary School: Parker
Middle School: Everitt
High School: Rutherford
Directions: From Panama City going East on Hwy 98 or Tyndall Parkway, the property will be on the left side of the road at 532 Tyndall Parkway North. Sign on the property.
Legal Description: 7 4S 13W -190- 131C2 ST AND BAY DEV CO PLAT BEG NE COR OF LOT 24 TH RUN S 323.23' TH W 618.08' TO EAST R/W LINE OF TYMDALL PKWY TH N ALONG R/W 261.89' TO POINT 66' FROM N LINE OF LOT 24 TH RUN E 420.79' TH N 66' TO THE N LINE OF LOT 24 TH E 200' TO POB LESS PRCL ORB 3616 P 1748

General Property Info

List Class: Bar/Restaurant
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Unit: 8302
Site Dimensions: 220 x 585
Acreage: 3.1
Frontage Ft: 220
Lot Depth: 585
SqFt Tot Bldg: 8302
Year Built: 2000

Status Change Info

Under Contract Date: 2020-03-08
Sold Date: 2020-10-15
Sold Price/SqFt: 168.63
Sold Price/Acre: 451612.9

Business Only

Year Built: 20000
Building SqFt: 8302

Listing Info, Tax and Legal

HOA Fee: No

More Information

Remarks & Misc

Remarks: Turnkey Restaurant opportunity in Panana City (Callaway). The property consists of an 8,302 square foot resaurant facility, formally a Sonny's franchised restaurant. The franchise does not go with the sale. The restaurant has seating for 211 people and has a seperate Bar and Banquet facilities. The building sits on 3.104 acres. The building did receive some minor damage from the storm but is insured and all damage will be repaired. DRASTIC PRICE REDUCTION, Reduced $200,000.

Financing

Conventional: Yes

Present Zoning

Commercial: Yes

Utilities

All Utilities: Yes

Sale Type

As Is: Yes

Business/Property

Freestanding Building: Yes
Furnished – All: Yes
Handicapped Access: Yes
Kitchen Area: Yes
Office Area: Yes
Seating 200+: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Central: Yes
AC – Entire: Yes
Exhaust Fan: Yes
Heat – Central Electric: Yes

Pricing Type

Sale Price: Yes

Transport. Access

4-Lane: Yes
Divided Highway: Yes
Median Cut: Yes

Property Features

Financing: Conventional Pricing Type: Sale Price Present Zoning: Commercial Sale Type: As Is Utilities: All Utilities

Listing Office: NAI TALCOR

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.