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  • Price$3,750,000
  • SQ. Feet35,844
  • Acres6.42
  • Built1992

12202 Hutchison, Panama City Beach

+/- 6.42 Acres, Here is your chance to own a fully operational income producing, 100% occupied Commercial Park with 3 separate buildings. Located on 2 Parcels with multiple tenants 34034-070-000 and 34034-070-050. You can either own the full complex or check out the other listing for just the Gym and Salon (34034-070-050). With this listing however the possibilities are virtually endless. Investment wise it is bringing in over 300k a year in leases producing a cap rate of 8 -10% with with the potential to grow and add more tenants. This centrally located prime real estate is could also be a opportunity to be a new development with the high traffic area like middle beach with easy in and out access to boot.This is actually the second part of a two part listing.. The 6.42 acre site is located on the north side of Hutchison Boulevard (a/k/a ''Middle Beach Road''), between Alf Coleman Road to the west and Richard Jackson Boulevard to the east. Also, between the vacant Middle Beach Shopping Center (old Publix) and the entrance to the Palm Cove subdivision and across the street from Edgewater Beach Resort.

Essential Information

  • MLS® #664598
  • Price$3,750,000
  • Square Footage35,844
  • Acres6.42
  • Year Built1992
  • TypeCommercial Sales
  • Sub-TypeIncome Producing
  • StyleCommercial
  • StatusActive

Amenities

  • AmenitiesDumpster, Laundry, Exercise Room, Other - See Remarks
  • UtilitiesElectric 220/240, Electric On Site, Phone, Public Sewer, Public Water, TV Cable, Lift Station, Sewer Available, Pest Control

Exterior

  • Lot DescriptionImproved Lots, Interior Location, Survey
  • ConstructionFloor - Concrete, Floor - W/W Carpet, Foundation - Slab on Grade, Roof - Metal, Roof - Pitched, Siding - Alum Metal, Siding - Brick Front, Siding - Metal, Siding - Stucco, Steel/Frame, Trim - Aluminum

Additional Information

  • Date ListedOctober 28th, 2017
  • Days on Market115
  • HOA$0
  • HOA FreqNone

Community Information

  • Address12202 Hutchison
  • AreaBB-Bay County-Beach
  • SubdivisionNo Named Subdivision
  • CityPanama City Beach
  • CountyBay
  • StateFL
  • Zip Code32407

Interior

  • HeatingAC - Central, Heat - HVAC
  • # of Stories1

School Information

  • ElementaryHutchison Beach
  • MiddleSurfside
  • HighArnold

Listing Details

  • Listing OfficeBeachy Beach Real Estate
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DISCLAIMER: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Source: Bay County Association Of REALTORS® Multiple Listing Service