711 W BEACH Drive, Panama City, FL 32401 (MLS# 643128)

711 W BEACH Drive, Panama City, FL 32401

$2,350,000

Property Type: Commercial Land Lot Size (sq. ft.): 138,521 Status: Sold

Current Price: $2,350,000 List Date: 3/07/2016 Last Modified: 10/08/2024

Overview

Description

RARE OPPORTUNITY……………… To own large tract of St. Andrew Bay water frontage that includes over three (3) acres and has 800′ with white sandy beach, which is zoned general commercial with 45 unit per acre density and located at the Western gateway of the downtown CRA (Community Redevelopment Authority) that will allow the buyer / developer to take full advantage of current revitalization taking place in downtown Panama City, FL. The property is currently fully operational as the Buccaneer Beach Motel & Bar & Grill. Consisting of Five (5) Buildings – 54,062 SF total; built in 1960; concrete foundation, roof and walls and seawalls; restaurant is brick and frame w/fire pit; 90 kings or doubles, 11 suites, 101 total units and 10,500 square foot restaurant/bar with up to 290 More…

Listing Details MLS# 643128

Location, Tax & Legal

Street #: 711
Street Direction: W
Street Name: BEACH
Street Suffix: Drive
State: FL
Zip Code: 32401
County: Bay
Area: 02 – Bay County – Central
Subdivision: No Named Subdivision
Parcel ID: 19496-000-000
Legal Description: 8 4S 14W -18- OLD MAP 27B 92D2 BEG 2' WLY OF NW COR OIL FENCE ON SLY R/W BEACH DRIVE TH WLY 394.7' ON SLY R/W SLY 214' ELY 244' SLY 98.5' ELY 15.7' SLY 194.8' ELY 135. 8' NLY 492.6' TO POB ORB 3150 P 1664
Sub Area: 0203 – Bay – Central SW
Business Name: Buccaneer
Community/Resort: None
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: From downtown, take Harrison Ave south, turn right on Beach Dr to 711 Beach Dr on right.
HOA Fee: No

Contract Info

List Price/Acre: 880503.14
Sub-Type: Land/Acres

General Property Info

Acreage: 3.18
Frontage Feet: 325
Is Subject Leased: No

Status Change Info

Under Contract Date: 2016-02-26
Sold Date: 2016-02-29
Sold Price/Acre: 738993.71

Waterfront Feature

Waterfront Feet: 800

Remarks & Misc

Remarks: RARE OPPORTUNITY……………… To own large tract of St. Andrew Bay water frontage that includes over three (3) acres and has 800' with white sandy beach, which is zoned general commercial with 45 unit per acre density and located at the Western gateway of the downtown CRA (Community Redevelopment Authority) that will allow the buyer / developer to take full advantage of current revitalization taking place in downtown Panama City, FL. The property is currently fully operational as the Buccaneer Beach Motel & Bar & Grill. Consisting of Five (5) Buildings – 54,062 SF total; built in 1960; concrete foundation, roof and walls and seawalls; restaurant is brick and frame w/fire pit; 90 kings or doubles, 11 suites, 101 total units and 10,500 square foot restaurant/bar with up to 290 More…

More Information

Financing

Cash: Yes
Conventional: Yes

Utilities

Electric 220/240: Yes

TransportationAccess

2 – Lane: Yes
Access-Intercoastal: Yes
Access-Railroad: Yes

Property Features

TransportationAccess: 2 – Lane; Access-Intercoastal; Access-Railroad Financing: Cash; Conventional Utilities: Electric 220/240

Listing Office: Counts Real Estate Group Inc

Last Updated: October – 08 – 2024

Information deemed reliable but not guaranteed.