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10637 Front Beach Road, Panama City Beach, FL 32407

$1,300,000
Property Type: Commercial Land Lot Size (sq. ft.): 70,567 Status: Sold
Current Price: $3,900,000 List Date: 8/25/2011 Last Modified: 10/08/2024

Description

1.62 Acres on the Gulf of Mexico. This is a bank REO property for immediate sale as-s with no warranties or representations. The existing improvements include the 48-Unit Beach Club Motel and two single-family residential structures on the north side of Front Beach Road. The motel will stay open through Labor Day Weekend and will close in September. No value is placed on the existing structures. The Gulf-front parcel has 230' of water-frontage and is 0.67 acres. The property located on the north side of front beach road is comprised of #4 additional parcels (34930-000-000, 34929-000-000, 34936-000-000, 34937-000-000) totaling 1.04 acres. The current land use is T-2, Professional & Retail Sales and T-3, Accomodations & Retail Sales within the City limits of Panama City Beach.

More Information MLS# 419793

Contract Info

List Price/Acre: 2407407.41 List Date: 2011-08-24 List Price: $3,900,000 Current Price: $1,300,000 Sub-Type: Land/Acres

Location, Tax & Legal

Sub Area: 0318 - Beach - Central South Community/Resort: Long Beach Waterfront: Yes Section: 36 Township: 3S Range: 16W Elementary School: Breakfast Point Middle School: Surfside High School: Arnold Directions: Located in the Long Beach area of Panama City Beach on Front Beach Road and Churchwell Drive. HOA Fee: No Street #: 10637 Street Name: Front Beach Street Suffix: Road State: FL Zip Code: 32407 County: Bay Area: 03 - Bay County - Beach Subdivision: Long Beach Parcel ID: 34895-000-000 Legal Description: 1) LONG BEACH LOTS 10, 11, 12 & 12A BLK 1 AKA PH I, ii & iii orb 1447 P 1364 ORB 1462 P1973 LESS 5'TO PCB WALKWAY IN THE MIDDLE OF LOT 12 LESS ELY 10'OF LOT 10 ORB 2912 P 1553 2) LONG BEACH 3RD ADD LOTS 2 & 3 BLK 8 ORB 2912 P 1553 3) LONG BEACH 3RD ADD LOT 1 BLK 8 LESS R/W ORB 2912 P 1553 4) LONG BEACH 3RD ADD LOT 12 BLK 8 LESS R/W ORB 2912 P 1553 5) LONG BEACH 3RD ADD LOTS S14, 15, 16, 17 BLK 8

General Property Info

Acreage: 1.62 Frontage Feet: 230

Remarks & Misc

Remarks: 1.62 Acres on the Gulf of Mexico. This is a bank REO property for immediate sale as-s with no warranties or representations. The existing improvements include the 48-Unit Beach Club Motel and two single-family residential structures on the north side of Front Beach Road. The motel will stay open through Labor Day Weekend and will close in September. No value is placed on the existing structures. The Gulf-front parcel has 230' of water-frontage and is 0.67 acres. The property located on the north side of front beach road is comprised of #4 additional parcels (34930-000-000, 34929-000-000, 34936-000-000, 34937-000-000) totaling 1.04 acres. The current land use is T-2, Professional & Retail Sales and T-3, Accomodations & Retail Sales within the City limits of Panama City Beach.

Status Change Info

Sold Price/Acre: 802469.14 Status: Sold Under Contract Date: 2012-06-22 Sold Date: 2012-06-29 Sold Price: $1,300,000

Waterfront Feature

Waterfront Feet: 230

Present Zoning

City: 1 Commercial: 1

Utilities

Electricity - Connected: 1 Water Connected: 1

Waterview

Gulf: 1

Waterfront Type

Gulf: 1

TransportationAccess

2 - Lane: 1

Property Features

TransportationAccess: 2 - Lane Utilities: Electricity - Connected; Water Connected Waterfront Type: Gulf Present Zoning: Commercial Waterview: Gulf
Listing Office: Counts Real Estate Group Inc
Last Updated: October - 08 - 2024
Information deemed reliable but not guaranteed.
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