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510 E 23rd Street, Panama City, FL 32405 (MLS# 601644)

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510 E 23rd Street, Panama City, FL 32405

$12,500,000
Property Type: Commercial Land Lot Size (sq. ft.): 1,502,820 Status: Sold
Current Price: $12,500,000 List Date: 8/23/2012 Last Modified: 1/01/2020

Description

34.5+/- Acres - Southwest Corner of Highway 77 and 23rd Street. The most prime commercial location in Panama City - Bay County, Florida. The site every major retailer and developer has tried to purchase. Never before offered on the open market. The highest traveled commercial corridors in the market. Traffic signals at 23rd Street and Highway 77 and Wilson Avenue. Across from Panama City Mall (Sears, Penney's, Dillards, etc.) Target, Lowes, Home Depot, near hospitals, doctors, hotels, restaurants and banks. 34.5+/- Acres - 1,263+/- feet on 23rd Street; 1,095+/- feet on Highway 77; 1,244+/- feet on Wilson Avenue; 1,273+/- feet on the south. Zoning - General Commercial (C-2) - City of Panama City. Utilities - water and sewer - City of Panama City; Traffic Count - 32,500 - 23rd

Supplements: Street; 24,000 - Highway 77 (F.D.O.T. 2011). 23rd Street and Highway 77 are four lanes plus center turn lane - no medians. The site was previously utilized as a homestead and the family's auto salvage business for decades (closed 2010). The property is being sold as is where is, without representations or warranties from seller. The seller reserves the right but not the obligation to remove any real or personal property prior to closing.

More Information MLS# 601644

Contract Info

List Date: 2012-08-13 List Price: $12,500,000 List Price/Acre: 362318.84 Current Price: $7,750,000 Sub-Type: Land/Acres

Location, Tax & Legal

Street #: 510 Street Direction: E Street Name: 23rd Street Suffix: Street State: FL Zip Code: 32405 County: Bay Area: 02 - Bay County - Central Sub Area: 0203 - Bay - Central SW Subdivision: No Named Subdivision Community/Resort: None Parcel ID: 14411-000-000 Elementary School: Patterson Middle School: Rosenwald High School: Bay Legal Description: 34.5+/- Acres; 1.263+/- Ft. on 23rd Street; 1,095+- Ft. on Highway 77; 1,244+/- Ft. on Wilson Avenue; 1,273+/- on the south. Bay County Florida Parcel Numbers - 14411-010-000; 14414-000-000; 14411-000-000; 14425-000-000; 14411-005-000; 14411-006-000; 14411-007-000; 14412-000-000; less strip south of and adjacent to Luigi's BG Pasta and Pizza. Directions: SOUTHWEST CORNER OF HIGHWAY 77 AND 23RD STREET HOA Fee: No

General Property Info

Acreage: 34.5 Frontage Feet: 1263

Status Change Info

Status: Sold Under Contract Date: 2014-04-15 Sold Date: 2015-01-26 Sold Price: $7,750,000 Sold Price/Acre: 224637.68

Property Features

TransportationAccess: 4 - Lane; Bus Service; Center Turn Lane; City Road Financing: Cash; Conventional Lot/Parcel Access: City Road Lot Features: Aerials/Topo Available; Corner; Other - See Remarks Utilities: Electric On Site Present Zoning: Commercial
Listing Office: Counts Real Estate Group
Last Updated: January - 01 - 2020

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.