104 Coastal HwyPanacea, FL 32346

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

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.

• 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

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

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