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1703 E 5th Street, Panama City, FL

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DetailMap
1703 E 5th Street

Panama City, FL 32401


Property Type:Industrial Sub Type:Warehouse Status:Existing Year Built:1944
Building Size:12,557 SF Land Area:3.57 AC (155,714 SF)
Ceiling Height:- Loading Docks:No Rail:- Power:-
For Sale Price:$679,000 Price/SF:$54.07
Cap Rate:-
Zoning:GC 1 Sprinklers:- Drive Ins:2 tot./14'0''w x 14'0''h Cranes:-
Parking:Free Surface spaces are available; Ratio of 1.11/1,000 SF


This property consists of two parcels; Bay County Parcel Numbers 22766-000-000 (being 2.81± acres) and 22179-000-000 (being .539± acres) for a total acreage of 3.35± acres. Zoned General Commercial - 2 (GC-2 - Panama City) and Mixed Use - 3 (MU-3 - Panama City). The mixed use zoning allows for up to 20 residential units per acre. The site includes five buildings (Total SF - 18,236± SF); the main retail/showroom (5,244 SF), main warehouse (12,000 SF), cabinet shop (3,536 SF), small warehouse (2,700 SF), and a small office building (1,200 SF). Looking south offers water views of Watson Bayou. The current zoning of this site allows for many uses, perfectly suited for retail or service related businesses, or as a redevelopment site with a multitude of possibilities including multi-family residential, with great visibility, easy access and high traffic counts.
Centrally Located in Panama City with 241± Ft. frontage on 5th Street (Bus Hwy 98), directly across from the US Army Corps of Engineers regional Office.


Sale Notes:
Highlights
Perfectly Suited For Warehouse & Distribution Facility
Perfectly Suited For Retail Use or Service Type Business
Corner Location - Multiple Access Points
Excess Land For Expansion
High Traffic Counts - Easy Access - Great Visibility
Central Location - Near Downtown Panama City

Description
This property consists of two parcels; Bay County Parcel Numbers 22766-000-000 (being 2.81± acres) and 22179-000-000 (being .539± acres) for a total acreage of 3.35± acres. Zoned General Commercial - 2 (GC-2 - Panama City) and Mixed Use - 3 (MU-3 - Panama City). The mixed use zoning allows for up to 20 residential units per acre. The site includes five buildings (Total SF - 18,236± SF); the main retail/showroom (5,244 SF), main warehouse (12,000 SF), cabinet shop (3,536 SF), small warehouse (2,700 SF), and a small office building (1,200 SF). Looking south offers water views of Watson Bayou. The current zoning of this site allows for many uses, perfectly suited for retail or service related businesses, or as a redevelopment site with a multitude of possibilities including multi-family residential, with great visibility, easy access and high traffic counts.
Centrally Located in Panama City with 241± Ft. frontage on 5th Street (Bus Hwy 98), directly across from the US Army Corps of Engineers regional Office.

Counts Real Estate Group Inc
Charlie Haas
(850) 896-2240 x364




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