644 W CALADIUM Circle, Panama City Beach, FL 32413

$1,000,000
Property Type: Commercial for Sale Square Footage: 9,660 Status: Sold
Current Price: $1,000,000 List Date: 9/28/2016 Last Modified: 10/04/2024

Overview

Description

Property is currently being managed as a apartment complex and completely rented. Potential is unlimited, as the property is just right across the street from the gulf and the property could be managed as a short term rental facility (hotel style) or can be converted to a condo and sold off separately. The property consist of 28 1 & 2 bedroom units with a laundry and check in office facility. Current Financials can be provided with a NCND

Listing Details MLS# 650990

Contract Info

List Price/SqFt
134.47
Sub-Type
Multi-Family

Location

Area
03 – Bay County – Beach
Street #
644
Street Direction
W
Street Name
CALADIUM
Street Suffix
Circle
State
FL
Zip Code
32413
County
Bay
Sub Area
0320 – Beach – Middle Central
Subdivision
Open Sands
Community/Resort
None
Parcel ID
33832-001-000
Elementary School
Hutchison Beach
Middle School
Surfside
High School
Arnold
Directions
from Hwy 79 travel east on Front Beach past Pier Park. Property is just past Emerald Beach Resort (Wyndham) Turn left on Gulf Blvd, property is on left.
Legal Description
OPEN SANDS LOTS 1 & 2 BLK A ORB 1586 P 719 ORB 2581 P 1644 ORB 2849 P 518

General Property Info

List Class
Apartment
Construction Status
Construction Complete
SqFt Tot Bldg
9660
Year Built
1982

Status Change Info

Under Contract Date
2017-02-15
Sold Date
2017-05-05
Sold Price/SqFt
103.52

Business Only

Year Built
1992
Building SqFt
11132
Unit SqFt
9660
Actual Gross Income
201600

Listing Info, Tax and Legal

HOA Fee
No

More Information

Remarks & Misc

Remarks
Property is currently being managed as a apartment complex and completely rented. Potential is unlimited, as the property is just right across the street from the gulf and the property could be managed as a short term rental facility (hotel style) or can be converted to a condo and sold off separately. The property consist of 28 1 & 2 bedroom units with a laundry and check in office facility. Current Financials can be provided with a NCND

Construction/Siding

Floor – Tile
Yes
Floor – Vinyl
Yes
Floor – W/W Carpet
Yes
Foundation – Slab on Grade
Yes
Roof – Fiberglass
Yes
Roof – Shingle/Shake
Yes
Roof – Sloping
Yes
Siding – Stucco
Yes
Trim – Wood
Yes

Energy

AC – Window/Wall
Yes
Heat – Wall/Window
Yes

Financing

Cash
Yes

Utilities

All Utilities
Yes

Waterview

Gulf
Yes

Business/Property

Furnished – All
Yes
Kitchen Area
Yes
Laundry Facilities
Yes
Office Area
Yes

Floors in Unit/Home

Two
Yes

Heating/Cooling

Other – See Remarks
Yes

Hotel/Motel

Year Built
1982
Building SqFt
11132
# of Rooms
28
Price P/Unit
46392
Avg % Occupancy
100
# of Floors
2

Transport. Access

2-Lane
Yes

Property Features

Energy: AC – Window/Wall; Heat – Wall/Window Financing: Cash Utilities: All Utilities Waterview: Gulf
Listing Office: Beach Time Realty, Inc
Last Updated: October – 04 – 2024
Information deemed reliable but not guaranteed.