4100 Highway 98Panama City, FL 32405

Property Details for 4100 Highway 98

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.15 AC

Property size (Sq ft)

2,210 SF

Zone code

PC09

Property type

Retail properties

Property subtype

Turn key restaurants

APN

28215-000-000

APU

28215000000

Description

This exceptional 78,408 sq ft commercial property, located at 4100 W Hwy 98 in Panama City, Florida (zip code 32405), presents a unique investment opportunity. Built in 1983, the property boasts a versatile layout currently encompassing a restaurant, mini-warehouses, and residential rental units. Its strategic corner location at the intersection of Hwy 98 and Grant Avenue offers significant visibility and accessibility. The property measures approximately 330 feet along Hwy 98 and 232 feet along Grant Avenue. The asking price is $2,144,900. Its diverse existing uses and substantial size suggest significant development potential. The property's zoning and permitted uses should be verified independently. Consider the possibilities for a motel, gas station, or fast-food establishment, capitalizing on the high traffic volume of this prime location. This is an ideal opportunity for an investor seeking a multi-faceted commercial property with substantial upside potential in a thriving Florida market. The property is classified as Special Purpose.

• CAP approach

  CAP return

  Valuation

  6%

  $594,394

  6.5%

  $548,672

  7%

  $509,481

• Comparable approach

  Method

  Valuation

  Relative Method

  $395,914

  Geo Method

  $395,914

• Alternative Use

  Use

  Valuation

  Residential

  $462,825

  Hospitality

  $423,945

  Educational

  $352,717

  Medical

  $364,848

  Retail

  $548,672

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.181

Longitude

-85.7131

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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