104 Coastal HwyPanacea, FL 32346
- Office properties
- 4,197 SF
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
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
Comparable in this City
Similar Nearby for Sale
FAQs
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