9800 Front Beach Road, Panama City Beach, FL 32407
$1,300,000
Property Type:
Commercial for Sale
Square Footage:
11,235
Lot Size (sq. ft.):
69,696
Status:
Sold
Current Price:
$1,300,000
List Date:
8/04/2020
Last Modified:
10/04/2024
Overview
Description
Listing Details MLS# 700414
Contract Info
- List Price/SqFt
- 124.61
- Sub-Type
- Income Producing
Location
- Area
- 03 – Bay County – Beach
- Street #
- 9800
- Street Name
- Front Beach
- Street Suffix
- Road
- State
- FL
- Zip Code
- 32407
- County
- Bay
- Sub Area
- 0320 – Beach – Middle Central
- Subdivision
- No Named Subdivision
- Community/Resort
- None
- Waterfront
- No
- Parcel ID
- 34826-000-000
- Elementary School
- Hutchison Beach
- Middle School
- Surfside
- High School
- Arnold
- Directions
- North East corner of Front Beach Road and Flagg Ave.
- Legal Description
- 36 3S 16W -13- 47D4 BEG 259' S & 173.8' E OF NW COR OF SE1/4 OF SE1/4 TH SELY 253' TO R/W SR #30 NELY ALONG R/W 269.64' NWLY 246.8' SWLY 281.1' TO POB ORB 1839 P 626 ORB 1921 P 581 ORB 2378 P 580
General Property Info
- List Class
- Bar/Restaurant
- Immediate Occupancy
- No
- Construction Status
- Construction Complete
- Acreage
- 1.6
- Frontage Ft
- 250
- SqFt HVAC
- 8922
- SqFt Tot Bldg
- 11235
- Year Built
- 2003
Status Change Info
- Under Contract Date
- 2020-09-21
- Sold Date
- 2020-12-21
- Sold Price/SqFt
- 115.71
- Sold Price/Acre
- 812500
Income Producing
- Year Built
- 2004
- Building SqFt
- 8922
- Price P/SqFt
- 14.5
- Net Operating Income
- 129369
- Cap Rate
- 0.09
Listing Info, Tax and Legal
- HOA Fee
- No
More Information
Remarks & Misc
- Remarks
- Subject property is located in the heart of Panama City Beach within walking distance to Ripley's Believe it Or Not and WonderWorks Amusement Park along with numerous other arcade and race track amenities. Occupied by Dirty Dick's Crab Shak since 2004, the tenant just signed a new 6 year Lease Agreement with a NOI of $129,369 with 3% escalations so a 9% CAP rate.
Construction/Siding
- Siding – Stucco
- Yes
Energy
- AC – Central Elect
- Yes
Present Zoning
- Commercial
- Yes
Utilities
- All Utilities
- Yes
Floors in Unit/Home
- One
- Yes
Heating/Cooling
- AC – Central
- Yes
Offering Type
- Sale Only
- Yes
Pricing Type
- Sale Price
- Yes
Transport. Access
- 2-Lane
- Yes
- 4-Lane
- Yes
Property Features
Energy:
AC – Central Elect
Offering Type:
Sale Only
Pricing Type:
Sale Price
Present Zoning:
Commercial
Utilities:
All Utilities
Listing Office:
NAI TALCOR
Last Updated: October – 04 – 2024
Information deemed reliable but not guaranteed.