104 Coastal HwyPanacea, FL 32346

  • Office properties
  • 4,197 SF
For Sale
$500,000 View listing

Property Details for 104 Coastal Hwy

Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.66 AC
Property size (Sq ft)
4,197 SF
Zone code
C2
Property type
Office properties
Property subtype
Other office properties
APN
01-6S-02W-000-03866-000
APU
016S02W00003866000

Description

This exceptional commercial property, located at 104 Coastal in Panacea, Florida, presents a unique investment opportunity. Situated on a sizable 0.78-acre lot, the building offers significant potential for a variety of businesses. Previously operating as a bank, the property retains all the fixtures and infrastructure associated with such a facility, including secure areas and potentially adaptable layouts. This ready-to-occupy space is ideal for a range of uses, making it an attractive option for entrepreneurs and established businesses alike. The high-visibility location ensures excellent exposure to potential customers and clients. The building's adaptable interior allows for customization to suit specific business needs, whether it's a financial institution, restaurant, medical practice, or retail establishment. The substantial lot size offers ample parking and potential for future expansion or outdoor amenities. This property represents a rare chance to acquire a well-maintained, strategically located commercial building in a thriving community. The asking price is $500,000. Serious inquiries are encouraged. The square footage of the building is not currently available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $793,427
    6.5%
    $732,394
    7%
    $680,080
  • Comparable approach

    Method
    Valuation
    Relative Method
    $298,365
    Geo Method
    $298,365
  • Alternative Use

    Use
    Valuation
    Residential
    $908,168
    Hospitality
    $831,877
    Educational
    $692,112
    Medical
    $715,915
    Retail
    $1,076,619
104 Coastal Hwy, Panacea, Florida

Location Insight

City
Panacea
County
Wakulla
State
Florida
Latitude
29.9812
Longitude
-84.3843
CBSA code
45220
CBSA name
TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,510
$30,000
$245,090
$275,090
-
$30,000
$245,090
$275,090

FAQs

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