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About This Home
This 0-bedroom, 0-bathroom single family at 8406 Panama City Beach Parkway in Panama City Beach, FL is listed for $3,985,000 ($316 per sqft). Built in 1984, the home offers 12,622 sqft of living space on a 3.00 acres lot.
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 (9
00 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!
Key Features
- Built in 1984
- 3.00 acre lot
Property Details
Amenities
Monthly Cost Estimate
$21,313/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
8406 Panama City Beach Parkway
Panama City Beach, FL 32407
No Named Subdivision
Property Details
Construction
Heating
Questions & Answers
This 0-bedroom, 0-bathroom single family at 8406 Panama City Beach Parkway is listed at $3,985,000 ($316/sqft). The estimated monthly payment is $17,268 based on 20% down at 6.5% interest.
Key features include: Built in 1984, 3.00 acre lot.
This property is listed by Brian J Kehl and can be reached at 8502585484 or bk0816@yahoo.com.
