8406 Panama City Beach Parkway
Panama City Beach, FL 32407

Beds: 0

Baths:

SQFT (H&C): 12,622

MLS# 776552

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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