1331 Coastal HwyPanacea, FL 32346

Property Details for 1331 Coastal Hwy

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.19 AC

Property size (Sq ft)

1,920 SF

Property type

Retail properties

Property subtype

Community centers

APN

24-5S-02W-287-03041-A05

APU

245S02W28703041A05

Description

This exceptional retail property, located at 1331 Coastal Highway Unit 1331 in Panacea, Florida, presents a unique investment opportunity. Boasting a generous 1,800 square feet of space, this property is ideally situated to capitalize on the area's thriving tourism and local economy. The location offers unparalleled access to pristine beaches, renowned restaurants, and world-class fishing opportunities, attracting a steady stream of both tourists and residents. The property sits on a sizable 0.92-acre lot, providing ample space for potential expansion or outdoor seating, depending on the intended business use. The asking price for this turnkey retail space is $125,000. All measurements are approximate. This is a rare chance to establish a successful business in a highly desirable coastal location. The property's strategic positioning near popular attractions ensures high visibility and foot traffic, making it an attractive prospect for a variety of retail ventures. The substantial lot size offers flexibility for future development or outdoor amenities, enhancing the property's overall appeal and potential return on investment. Don't miss this chance to own a piece of Panacea's vibrant coastal community. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $533,718

  6.5%

  $492,663

  7%

  $457,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $343,962

  Geo Method

  $343,962

• Alternative Use

  Use

  Valuation

  Residential

  $415,579

  Hospitality

  $380,668

  Educational

  $316,712

  Medical

  $327,604

  Retail

  $492,663

Location Insight

City

Panacea

County

Wakulla

State

Florida

Latitude

30.0285

Longitude

-84.3898

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].