7307 Highway 77Southport, FL 32409

Property Details for 7307 Highway 77

Year built

1999

Construction

WOOD

Lot size

0.70 AC

Property size (Sq ft)

1,028 SF

Zone code

BC05

Property type

Retail properties

Property subtype

Other retail properties

APN

08012-000-000

APU

8012000000

Description

This exceptional commercial property, located at 7307 Highway 77 in Southport, Florida (zip code 32409), presents a unique investment opportunity. Situated on a 30,492 square foot lot, this single-story property boasts a prime corner location next to Grassy Point Hardware and near Tractor Supply, ensuring high visibility and significant traffic flow. The property benefits from two convenient access points, one from Highway 77 and another from Grassy Point Road. The strategic location is ideal for businesses requiring substantial traffic, such as a franchise coffee shop, quick oil change facility, or any service-oriented enterprise. While previous structures have been removed, the existing concrete slabs could be repurposed, potentially for a large pole barn or covered area. Utilities include county water and a septic system; an unused well is also present and could be reactivated. A current survey and flood elevation certificate are readily available (Buildings are in X and rear of the property is in AE). The property features a clear title, facilitating a swift closing process. This high-traffic location is further enhanced by the development of several large new subdivisions north of Southport, promising future growth and increased traffic volume. The asking price for this exceptional property is $225,000.

• CAP approach

  CAP return

  Valuation

  6%

  $210,387

  6.5%

  $194,203

  7%

  $180,331

• Comparable approach

  Method

  Valuation

  Relative Method

  $184,163

  Geo Method

  $184,163

• Alternative Use

  Use

  Valuation

  Residential

  $163,818

  Hospitality

  $150,056

  Educational

  $124,845

  Medical

  $129,138

  Retail

  $194,203

Location Insight

City

Southport

County

Bay

State

Florida

Latitude

30.2824

Longitude

-85.6353

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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