7811 Panama City Beach PkwyPanama City Beach, FL 32407

Property Details for 7811 Panama City Beach Pkwy

Year built

1993

Construction

STEEL FRAME

Lot size

0.67 AC

Property size (Sq ft)

6,392 SF

Zone code

BC05

Property type

Retail space

APN

27856-022-000

APU

27856022000

Description

This exceptional 6,392 square foot retail building, situated on a 29,185.2 square foot lot at 7811 Panama City Beach Parkway in Panama City Beach, Florida (zip code 32407), presents a compelling investment opportunity. Boasting a prime location on a high-traffic thoroughfare with a Florida Department of Transportation (FDOT) AADT of 45,000, this single-story, 1993-built structure offers significant visibility and accessibility. The property features a convenient concrete parking area and loading dock, complete with a 10'x10' roll-up door. Inside, you'll find two bathrooms and a versatile layout ideal for a variety of retail uses. The building is climate-controlled and equipped with both electric and natural gas utilities. A new metal roof was installed in 2019, ensuring long-term durability. Zoned C3 General Commercial, this +/- 0.672-acre property (60'x100' metal building) has served as a furniture store since 1999, demonstrating its suitability for retail operations. The asking price is $1,995,000. This well-maintained property offers a rare chance to acquire a thriving retail space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,719,150

  6.5%

  $1,586,908

  7%

  $1,473,557

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,145,106

  Geo Method

  $1,145,106

• Alternative Use

  Use

  Valuation

  Residential

  $1,338,616

  Hospitality

  $1,226,165

  Educational

  $1,020,155

  Medical

  $1,055,240

  Retail

  $1,586,908

Location Insight

City

Panama City Beach

County

Bay

State

Florida

Latitude

30.188

Longitude

-85.7704

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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