1031 W 15th, Panama City, FL 32401
$2,500,000
Property Type:
Commercial for Sale
Square Footage:
6,280
Lot Size (sq. ft.):
63,598
Status:
Active
Current Price:
$2,500,000
List Date:
8/20/2024
Last Modified:
4/29/2025
Description
This is a very unique opportunity for a turn-key commercial business in rapidly growing Panama City and Bay County. This lot is 1.4 acres with lots of parking. The building is currently a restaurant and is ready to make it your own in several different opportunities. Property includes Walk-in Coolers and Walk -in Freezer, and two(2) BBQ Smokers. Seating capacity up to 150 people(including the outside seating). The property is available for renovation and lease, or the property can be torn down and rebuilt with a ground lease. The property can also just be purchased. The location has a 35,000 AADT count. Property like this does not become available very often.
More Information MLS# 761568
Contract Info
List Price/SqFt: 398.09
List Date: 2024-08-20
List Price: $2,500,000
Current Price: $2,500,000
Sub-Type: Retail
Location
Sub Area: 0203 - Bay - Central SW
Community/Resort: None
Waterfront: No
Elementary School: Northside
Middle School: Jinks
High School: Bay
Section: 6
Directions: From Highway 231 South, Turn West onto 15th Street (hwy 98) and property will on the left.
Township: 4S
Range: 14W
Area: 02 - Bay County - Central
Street #: 1031
Street Direction: W
Street Name: 15th
State: FL
Zip Code: 32401
County: Bay
Subdivision: [No Recorded Subdiv]
Parcel ID: 18653-010-000
Legal Description: 6 4S 14W -1.1- 55A BEG 461.5' W & 40' S OF NE COR OF SEC TH S 321.5' W 198.5' N 321.5' E 198.5' TO POB ORB 4625 P 498
General Property Info
List Class: Commercial
Acreage: 1.46
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Retail: 6088
# of Stories in Building: 1
SqFt Tot Bldg: 6280
Year Built: 1972
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: This is a very unique opportunity for a turn-key commercial business in rapidly growing Panama City and Bay County. This lot is 1.4 acres with lots of parking. The building is currently a restaurant and is ready to make it your own in several different opportunities. Property includes Walk-in Coolers and Walk -in Freezer, and two(2) BBQ Smokers. Seating capacity up to 150 people(including the outside seating). The property is available for renovation and lease, or the property can be torn down and rebuilt with a ground lease. The property can also just be purchased. The location has a 35,000 AADT count. Property like this does not become available very often.
Office/Member Info
Seller Concessioins: No
Construction/Siding
Block: 1
Floor - Concrete: 1
Floor - Tile: 1
Roof - Metal: 1
Energy
AC - 2 or More: 1
Water Heater - Electric: 1
Other Structures
Arena - Covered: 1
Financing
Cash: 1
Conventional: 1
Lease Option: 1
Will Lease: 1
Present Zoning
Commercial: 1
Utilities
All Utilities: 1
Natural Gas - Available: 1
Public Sewer - Connected: 1
Water Connected: 1
Accessibility Features
Accessible Approach with Ramp: 1
Accessible Common Area: 1
Accessible Doors: 1
Accessible Electrical and Environmental Controls: 1
Accessible Entrance: 1
Accessible Kitchen: 1
Customized Wheelchair Accessible: 1
Business Only
Year Built: 1972
Building SqFt: 6088
Price P/SqFt: 22.2
Business/Property
Freestanding Building: 1
Handicapped Access: 1
Handicapped Facilities: 1
Kitchen Area: 1
Restrooms - Private: 1
Restrooms - Public: 1
Sign: 1
Floors in Unit/Home
One: 1
Heating/Cooling
AC - Entire: 1
AC - HVAC: 1
Land
Property Type: Commercial
Offering Type
Ground Lease: 1
Sale or Lease: 1
Transport. Access
4-Lane: 1
Center Turn Lane: 1
City Road: 1
County Road: 1
Paved: 1
Status Change Info
Status: Active
Property Features
Accessibility Features: Accessible Approach with Ramp; Accessible Common Area; Accessible Doors; Accessible Electrical and Environmental Controls; Accessible Entrance; Accessible Kitchen; Customized Wheelchair Accessible
Energy: AC - 2 or More; Water Heater - Electric
Financing: Cash; Conventional; Lease Option; Will Lease
Offering Type: Ground Lease; Sale or Lease
Other Structures: Arena - Covered
Present Zoning: Commercial
Utilities: All Utilities; Natural Gas - Available; Public Sewer - Connected; Water Connected
Listing Office:
JPAR City & Beach
Last Updated: April - 29 - 2025
Information deemed reliable but not guaranteed.