Address: 8406 Panama City Beach Parkway, Panama City Beach, FL 32407
Description
A rare opportunity for investors and developers to capitalize on immediate equity and long term upside. This strategically located property with 200 ft of frontage on high traffic Hwy 98 recently appraised at $4,085,000, yet is being offered for just $3,985,000.
Additionally, the current appraisal does not reflect the in process Development Order (DO) or the significant investment already made toward its approval specifically for the back 2 acres of the property. Building has the following occupancy: Unit A (600 Sq.Ft.) Rented, Units B C (1200 Sq.Ft.) Rented, Units D E F (1800 Sq.Ft.) Rented, Unit G (900 Sq.Ft.) Rented, Units H I + warehouse, (2500 Sq.Ft.) Rented, Units J K L + warehouse (owner occupied), Unit M (600 Sq.Ft.) Rented, Unit N (600 Sq.Ft.) Rented! Also, the large billboard pays the building owner $7,500/yr rent. Don't miss this unique opportunity!
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