Panama City Florida Area Index

Panama City Realty Group

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Panama City Real Estate | Office Location Panama City Realty Group
Keller Williams Success Realty
309 Richard Jackson Blvd., Suite 200
Panama City Beach, Florida 32407
Phone: (850) 774-6582

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$3,750,000 - 12202 Hutchison, Panama City Beach

-
Bedrooms
-
Baths
35,844
SQ. Feet
6.42
Acres

+/- 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 Footage:
    35,844
  • Price/SqFt:
    $105
  • Acres:
    6.42
  • Year Built:
    1992
  • Type:
    Commercial Sales
  • Sub-Type:
    Income Producing
  • Style:
    Commercial
  • Status:
    Active

Community Information

  • Address:
    12202 Hutchison
  • Area:
    BB-Bay County-Beach
  • Subdivision:
    [Any]
  • Avg Price in [Any]:
    $214,129
  • City:
    Panama City Beach
  • County:
    Bay
  • State:
    FL
  • Zip Code:
    32407

Amenities

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

Interior

  • Heating:
    AC - Central, Heat - HVAC
  • # of Stories:
    1

Exterior

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

School Information

  • Elementary:
    Hutchison Beach
  • Middle:
    Surfside
  • High:
    Arnold

Additional Information

  • Date Listed:
    October 28th, 2017
  • Days on Website:
    27
  • HOA:
    $0
  • HOA Freq:
    None

Listing Details

  • Listing Office:
    Beachy Beach Real Estate

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MLS# 664598 : This Commercial Sales property is located at 12202 Hutchison, Panama City Beach FL - 32407 in the community of [Any] and has bedrooms and bathrooms. It has been on the market for 27 days... Contact me today 850.774.6582 If you would like to a private showing of this property.

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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

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