2116 Highway 77Lynn Haven, FL 32444

Property Details for 2116 Highway 77

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.00 AC

Property size (Sq ft)

16,044 SF

Property type

Retail properties

Property subtype

Retail space

APN

11632-010-000

APU

11632010000

Description

This exceptional retail property, located at 2116 S Highway 77 in Lynn Haven, Florida, presents a significant investment opportunity. Boasting a substantial 16,044 square feet of retail space, this single-story building sits on a generous 43,560 square foot lot. Constructed in 1984, the property is ideally situated in a high-traffic area of Lynn Haven, within Bay County, offering excellent visibility and accessibility for businesses. The asking price is $2,750,000. The property's size and location make it suitable for a variety of retail uses, providing ample space for expansion or multi-tenant occupancy. Its established presence in the community offers immediate potential for revenue generation. The property's address is 2116 S Highway 77, Lynn Haven, FL 32444. This is a rare opportunity to acquire a well-positioned retail center in a thriving Florida market. The property's substantial lot size also offers potential for future development or expansion. Serious inquiries are encouraged to explore this promising investment prospect. The property is zoned for retail use.

• CAP approach

  CAP return

  Valuation

  6%

  $4,314,756

  6.5%

  $3,982,851

  7%

  $3,698,362

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,874,231

  Geo Method

  $2,874,231

• Alternative Use

  Use

  Valuation

  Residential

  $3,359,684

  Hospitality

  $3,077,452

  Educational

  $2,560,404

  Medical

  $2,648,460

  Retail

  $3,982,851

Location Insight

City

Lynn Haven

County

Bay

State

Florida

Latitude

30.2258

Longitude

-85.65

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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