Contact Lori Ann Bugliaro P.A.
Contacting Lori Ann Bugliaro P.A.
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Request more information
Request More Information
  • All fields are required.
Active
Property Photos
615 Highway 231
  • MLS#: 786612 ( CommercialSale )
  • Street Address: 615 Highway 231
  • Viewed: 2
  • Price: $6,493,000
  • Price sqft: $120
  • Waterfront: No
  • Year Built: 1968
  • Bldg sqft: 54027
  • Days On Market: 14
  • Additional Information
  • Geolocation: 30.1821 / -85.6529
  • County: BAY
  • City: Panama City
  • Zipcode: 32405
  • Subdivision: No Named Subdivision
  • Elementary School: Oakland Terrace
  • Middle School: Jinks
  • High School: Bay
  • Provided by: NAI TALCOR
  • DMCA Notice
  • Description
    +/ 54,027 SF neighborhood shopping center situated on 5.18 acres on Hwy 231 in Panama City. This property benefits from access points on major arteries, Hwy 231 & Hwy 77 along with a separate lighted intersection at 19th St. The property is well positioned to meet the daily retail and service needs of nearby neighborhoods while benefiting from proximity to Bay County's healthcare and employment hubs. Currently 83.13% occupied, the center provides stable in place income with additional upside through +/ 9,114 SF of available office space. Panama City benefits from a diversified economic base supported by healthcare, tourism, retail, and military presence. Major employers such as HCA Florida Gulf Coast Hospital, Ascension Sacred Heart, and Tyndall Air Force Base provide a stable employment foundation that supports consistent consumer activity. +/ 54,027 SF Neighborhood Shopping Center on +/ 5.18 Acres 83.13% Occupied with Stable In Place Income +/ 9,114 SF Office Vacancy Lease Upside Opportunity Multiple Access Points (Hwy 231, Hwy 77 & 19th Street) New Roof and HVAC installed 2019 Parking Ratio: 4.37:1000 Financials & Rent Roll Available Upon Request
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
High School
  1. Bay
Insurance Expense
  1. 0.00
Legal Description
  1. 33 3S 14W -49.1- 104C3 COM AT C/L INTERSECTION OF SR 77 & SR 75 (U S 231) TH SWLY ON SR 75 C/L 1095' NWLY 60' TO NLY R/W FOR POB TH NWLY 521' NELY 91' NWLY 46.5' ELY 375.8' S 155' SELY 150' NELY 212.75' E 88.39' S 160.54' TO NLY R/W SWLY 616.75' TO P OB LESS TO -49.2- ORB 1736 P 1845 ORB 3089 P 2185
Living Area
  1. 0.00
Middle School
  1. Jinks
Area Major
  1. 02 - Bay County - Central
Net Operating Income
  1. 0.00
Occupant Type
  1. Occupied
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 14456-000-000
Pet Deposit
  1. 0.00
Possible Use
  1. Commercial
Property Type
  1. CommercialSale
School Elementary
  1. Oakland Terrace
Security Deposit
  1. 0.00
The Range
  1. 0.00
Trash Expense
  1. 0.00
Year Built
  1. 1968