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8,922 SqFt
SOLD DATE : 12/21/2020
Key Details
Sold Price $1,300,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 8,922 sqft
Price per Sqft $145
Subdivision No Named Subdivision
MLS Listing ID 700414
Sold Date 12/21/20
HOA Y/N No
Year Built 2003
Lot Size 1.600 Acres
Acres 1.6
Property Description
Subject property is located in the heart of Panama City Beach within walking distance to Ripley's Believe it Or Not and WonderWorks Amusement Park along with numerous other arcade and race track amenities. Occupied by Dirty Dick's Crab Shak since 2004, the tenant just signed a new 6 year Lease Agreement with a NOI of $129,369 with 3% escalations so a 9% CAP rate.
Location
State FL
County Bay
Area 03 - Bay County - Beach
Interior
Cooling Central Air, Electric
Fireplace No
Exterior
Waterfront No
Building
Entry Level One
Level or Stories One
Schools
Elementary Schools Hutchison Beach
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 34826-000-000
Financing Cash
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Bought with NAI TALCOR
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