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9001 N Lagoon Avenue, Panama City Beach, FL 32408

$1,825,000
Property Type: Commercial for Sale Square Footage: 8,680 Lot Size (sq. ft.): 56,628 Status: Sold
Current Price: $1,850,000 List Date: 5/30/2023 Last Modified: 10/04/2024

Description

Rare Opportunity to own a Dollar General Store lease NNN investment at 6.3 CAP

More Information MLS# 742114

Contract Info

List Price/SqFt: 213.13 List Date: 2023-05-30 List Price: $1,850,000 Current Price: $1,825,000 Sub-Type: Retail

Location

Sub Area: 0319 - Beach - East Community/Resort: None Waterfront: No Elementary School: Breakfast Point Middle School: Breakfast Point High School: Arnold Section: 6 Directions: Located on the SW Corner of N Lagoon and Joan Ave two blocks North from Thomas Drive Township: 4S Range: 15W Area: 03 - Bay County - Beach Street #: 9001 Street Direction: N Street Name: Lagoon Street Suffix: Avenue State: FL Zip Code: 32408 County: Bay Subdivision: Lagoon Estates Parcel ID: 30201-031-050 Legal Description: 6 4S 15W -11.7E- BEG AT INTERSECT OF SLY R/W LI N LAGOON DR & W LI OF GOVT LOT 4 TH SELY 26.89' TO CURVE SELY 264.97' TO W R/W JOAN AV S 185.16' NWLY 146.21' SWLY 24.74' NWLY 122.09' TO W LINE GOVT LOT 4 N 251.83' TO POB (SUBJ TO ESMT ORB 3552 P 365 & 3552 P 367) ORB 3552 P 363 (SUBJ TO ESMT ORB 3562 P 1384) *The Description above is not to be used on legal documents.

General Property Info

List Class: Retail Store Floor Number: 1 Acreage: 1.3 Construction Status: Construction Complete SqFt HVAC: 7770 SqFt Retail: 7770 # of Stories in Building: 1 SqFt Tot Bldg: 8680 Year Built: 2014

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: Rare Opportunity to own a Dollar General Store lease NNN investment at 6.3 CAP

Status Change Info

Sold Price/SqFt: 210.25 Sold Price/Acre: 1403846.15 Status: Sold Under Contract Date: 2023-06-13 Sold Date: 2023-07-25 Sold Price: $1,825,000

Energy

AC - 2 or More: 1

Accessibility Features

Accessible Approach with Ramp: 1 Accessible Bedroom: 1

Business/Property

Freestanding Building: 1

Floors in Unit/Home

One: 1

Income Producing

Year Built: 2014 Net Operating Income: 116908 Cap Rate: 6.3

Property Features

Accessibility Features: Accessible Approach with Ramp; Accessible Bedroom Energy: AC - 2 or More
Listing Office: Resource Realty Group, LLC
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.