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$3,985,000
Est. payment /mo
3 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision No Named Subdivision
MLS Listing ID 776552
HOA Y/N No
Year Built 1984
Lot Size 3.000 Acres
Acres 3.0
Property Description
A rare opportunity for investors and developers to capitalize on immediate equity and long-term upside. This strategically located property with 200 ft of frontage on high traffic Hwy 98 recently appraised at $4,085,000, yet is being offered for just $3,985,000.Why the discount? The current appraisal does not reflect the in-process Development Order (DO) or the significant investment already made toward its approval -- specifically for the back 2 acres of the property. Building has the following occupancy: Unit A - (600 Sq.Ft.) Rented, Units B-C (1200 Sq.Ft.) Rented, Units D-E-F (1800 Sq.Ft.) Rented, Unit G (900 Sq.Ft.) Rented, Units H-I + warehouse, (2500 Sq.Ft.) Rented, Units J-K-L + warehouse (owner occupied), Unit M (600 Sq.Ft.) Rented, Unit N (600 Sq.Ft.) Rented! Also, the large billboard pays the building owner $7,500/yr rent. Don't miss this unique opportunity!
Location
State FL
County Bay
Area 03 - Bay County - Beach
Interior
Heating Central, Electric
Cooling Central Air, Electric
Fireplace No
Exterior
Utilities Available Electricity Available, Sewer Available, Water Available
Roof Type Metal
Building
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
Tax ID 27904-010-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listed As-Is
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Listed by Gulf Life Real Estate Inc