11832 Front Beach Rd - Storefront Retail/Office FOR SALE


Panama City Beach, FL 32407
$5,900,000 USD
850-630-4306
11832 Front Beach Rd, Panama City Beach, FL for Sale
$5,900,000 USD
Storefront Retail/Office - FOR SALE
1/18
null | Request Cap Rate

11832 Front Beach Rd
Panama City Beach, FL 32407


HIGHLIGHTS

  • Waterview on Front Beach Rd.
  • Zoning allows for mixed usage.
  • Property is situated between Alf Coleman and Richard Jackson Blvd. on Front Beach Rd.

OVERVIEW

Looking to be on Front Beach Road between two active hub roads of Panama City Beach, Alf Coleman & Richard Jackson Blvd. This property has so much potential for future development with over half an acre and 158 ft on Front Beach Road. Currently property across the street is undeveloped. Current owner has a golf cart & sling shot business actively running in one of the end spaces. The other end unit has an active tenant. Zoning is CH Commercial High Intensity. Future widening of Front Beach Road has not been completed, but seller is working with the city to determine all the details. Please do not go to the property and bother the tenants. Middle units have roof damage and are not presently being used. Building needs a new roof, but may be better suited for tear down and future site of a commercial condo or hotel with retail below similar to Grand Panama or Origins with underground parking.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$567 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

CH

APN/PARCEL ID

34786-000-000

ASK ABOUT THIS PROPERTY

Ric HoltRC Real Estate GroupMore Info
850-630-4306

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ric HoltRC Real Estate GroupMore Info
850-630-4306

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.