8406 Panama City Beach Parkway, Panama City Beach, FL 32407
$3,985,000
Property Type:
Commercial for Sale
Square Footage:
12,622
Lot Size (sq. ft.):
130,680
Status:
Active
Current Price:
$3,985,000
List Date:
7/21/2025
Last Modified:
7/26/2025
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.
Additionally, 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!
More Information MLS# 776552
Contract Info
List Price/SqFt: 315.72
List Date: 2025-07-17
List Price: $3,985,000
Current Price: $3,985,000
Sub-Type: Income Producing
Location
Sub Area: 0321 - Beach - North Central
Community/Resort: None
Waterfront: No
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: Proceed West from the Hathaway Bridge +/- 1.75 miles on US Hwy 98, bear right onto Panama City Beach Parkway, property on right, or north side of road.
Area: 03 - Bay County - Beach
Street #: 8406
Street Name: Panama City Beach
Street Suffix: Parkway
State: FL
Zip Code: 32407
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 27904-010-000
Legal Description: G C 2ND ADD BEG 460'W & 439.29' S. OF NE COR OF SEC. TH; S 250' W 200.35' N 250' E 200' TO POB ORB 4474 P 887
General Property Info
List Class: Commercial
Acreage: 3
Construction Status: Construction Complete
Frontage Ft: 200
SqFt Tot Bldg: 12622
Lot Depth: 677
Lot SqFt: 135400
Year Built: 1984
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: 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.
Additionally, 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!
Construction/Siding
Wood/Frame: 1
Roof - Metal: 1
Energy
AC - Central Elect: 1
Heat - Central Electric: 1
Financing
Cash: 1
Conventional: 1
Present Zoning
General Commercial: 1
Utilities
Electricity - Connected: 1
Public Sewer - Connected: 1
Water Connected: 1
Sale Type
As Is: 1
Business/Property
Sign: 1
Floors in Unit/Home
One: 1
Heating/Cooling
AC - Central: 1
Transport. Access
4-Lane: 1
Paved: 1
Status Change Info
Status: Active
Property Features
Energy: AC - Central Elect; Heat - Central Electric
Financing: Cash; Conventional
Present Zoning: General Commercial
Sale Type: As Is
Utilities: Electricity - Connected; Public Sewer - Connected; Water Connected
Listing Office:
Gulf Life Real Estate Inc
Last Updated: July - 26 - 2025
Information deemed reliable but not guaranteed.