1325 Coastal HwyPanacea, FL 32346

Property Details for 1325 Coastal Hwy

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.92 AC

Property size (Sq ft)

7,536 SF

Property type

Retail properties

Property subtype

Community centers

APN

24-5S-02W-287-03041-A06

APU

245S02W28703041A06

Description

This exceptional commercial property, located at 1325 Coastal Highway Unit 1325 in Panacea, Florida, presents a unique investment opportunity. Boasting a substantial 7,056 square feet of space, this property sits on a sizable 0.92-acre lot, offering ample room for expansion or outdoor activities. Its prime location on the Coastal Highway provides excellent visibility and accessibility, placing it within easy reach of the area's vibrant attractions. The property's proximity to beautiful beaches, renowned restaurants, and exceptional fishing opportunities makes it ideally suited for a diverse range of businesses. Imagine the possibilities – a thriving restaurant, a unique retail space, or a specialized service provider capitalizing on the area's tourism and recreational appeal. The property's size and location offer significant potential for growth and profitability. All measurements are approximate. This is a rare chance to acquire a substantial commercial property in a highly desirable coastal location. Don't miss this opportunity to establish your business in a thriving community with abundant natural beauty and recreational opportunities. The asking price is $169,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,094,839

  6.5%

  $1,933,697

  7%

  $1,795,576

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,350,050

  Geo Method

  $1,350,050

• Alternative Use

  Use

  Valuation

  Residential

  $1,631,146

  Hospitality

  $1,494,121

  Educational

  $1,243,091

  Medical

  $1,285,843

  Retail

  $1,933,697

Location Insight

City

Panacea

County

Wakulla

State

Florida

Latitude

30.0282

Longitude

-84.3898

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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