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 PROPERTY 615 Highway 231, Panama City, FL 32405, MLS#786612 - CommercialSale
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Hardeep Kumar Yh

HR Moon Homes
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  4. 615 Highway 231, Panama City, FL 32405
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615 Highway 231
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PRICED AT ONLY: $6,493,000

Address: 615 Highway 231, Panama City, FL 32405

Description

+/ 54,027 SF neighborhood shopping center situated on 5.18 acres on Hwy 231 in Panama City. This property benefits from access points on major arteries, Hwy 231 & Hwy 77 along with a separate lighted intersection at 19th St. The property is well positioned to meet the daily retail and service needs of nearby neighborhoods while benefiting from proximity to Bay County's healthcare and employment hubs. Currently 83.13% occupied, the center provides stable in place income with additional upside through +/ 9,114 SF of available office space. Panama City benefits from a diversified economic base supported by healthcare, tourism, retail, and military presence. Major employers such as HCA Florida Gulf Coast Hospital, Ascension Sacred Heart, and Tyndall Air Force Base provide a stable employment foundation that supports consistent consumer activity. +/ 54,027 SF Neighborhood Shopping Center on +/ 5.18 Acres 83.13% Occupied with Stable In Place Income +/ 9,114 SF Office Vacancy Lease Upside Opportunity Multiple Access Points (Hwy 231, Hwy 77 & 19th Street) New Roof and HVAC installed 2019 Parking Ratio: 4.37:1000 Financials & Rent Roll Available Upon Request

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  • MLS#: 786612 ( CommercialSale )
  • Street Address: 615 Highway 231
  • Viewed: 42
  • Price: $6,493,000
  • Price sqft: $120
  • Waterfront: No
  • Year Built: 1968
  • Bldg sqft: 54027
  • Days On Market: 38
  • Acreage: 5.18 acres

Description

+/ 54,027 SF neighborhood shopping center situated on 5.18 acres on Hwy 231 in Panama City. This property benefits from access points on major arteries, Hwy 231 & Hwy 77 along with a separate lighted intersection at 19th St. The property is well positioned to meet the daily retail and service needs of nearby neighborhoods while benefiting from proximity to Bay County's healthcare and employment hubs. Currently 83.13% occupied, the center provides stable in place income with additional upside through +/ 9,114 SF of available office space. Panama City benefits from a diversified economic base supported by healthcare, tourism, retail, and military presence. Major employers such as HCA Florida Gulf Coast Hospital, Ascension Sacred Heart, and Tyndall Air Force Base provide a stable employment foundation that supports consistent consumer activity. +/ 54,027 SF Neighborhood Shopping Center on +/ 5.18 Acres 83.13% Occupied with Stable In Place Income +/ 9,114 SF Office Vacancy Lease Upside Opportunity Multiple Access Points (Hwy 231, Hwy 77 & 19th Street) New Roof and HVAC installed 2019 Parking Ratio: 4.37:1000 Financials & Rent Roll Available Upon Request
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
School Information
  • High School: Bay
  • Middle School: Jinks
  • School Elementary: Oakland Terrace
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: 33 3S 14W -49.1- 104C3 COM AT C/L INTERSECTION OF SR 77 & SR 75 (U S 231) TH SWLY ON SR 75 C/L 1095' NWLY 60' TO NLY R/W FOR POB TH NWLY 521' NELY 91' NWLY 46.5' ELY 375.8' S 155' SELY 150' NELY 212.75' E 88.39' S 160.54' TO NLY R/W SWLY 616.75' TO P OB LESS TO -49.2- ORB 1736 P 1845 ORB 3089 P 2185
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 14456-000-000
  • Possible Use: Commercial
  • The Range: 0.00
  • Views: 42
Nearby Subdivisions
[no Recorded Subdiv]   Bayview Add   Cedar Grove Commerce Park   Drummond Park 1st Add   Gulf Coast Medical Plaza   No Named Subdivision   St Andrews Bay Dev Cmp   St. Andrews Bay Dev. Co.  

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Hardeep Kumar Yh

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