Commercial Building For Sale 6.42 Acres

Transcription

1 For Sale 6.42 Acres Beachy Beach Real Estate Pcb Pkwy Panama City Beach FL 32413

2 LOCATION MAP

3 INVESTMENT PROFILE Property Details Building Status: Occupied 100% Bldg Size 1: 29,387 sqft Bldg Size 2: 29,387 sqft Bldg Size 3: 3400 sqft Year Built 1992, 1992, 2004 Year Renovated: 2011 Zoning: High Intensity Acres: 6.42 Exterior Metal/Stucco Interior Finished Dry Wall Roof Metal Income & Expenses Gross Annual Operating Income $302,232 Gross Monthly Operating Income $25,186 Purchase Information Property Type Commercial / Industrial Purchase Price 3,750,000 Tenants 11 Total Rentable Sqft 62,174

4 PROPERTY DESCRIPTION High Lights Central Panama City Beach Easy in and out High Visibility Growth Potential 100% Occupancy Directions The site is located on the north side of Hutchison Boulevard (a/k/a ''Middle Beach Road''), between Alf Coleman Road to the west and Richard Jackson Boulevard to the east Acres, 100% Occupied The Buildings There are two identical sized steal frame buildings and a free standing 3400 sqft wood frame stucco building for a total of 3 buildings on the property. All of them have central heating and air, water and electrical. The Lot Is centrally located 2 parcels in the heart of growing Panama City Beach FL. Prime real estate with great visibility. The FDOT Florida Traffic Online gives a approx 8000 daily avg for Hutchinson blvd. There will be even more visibility with the new 21 acre single family home development currently underway just.25 miles south of this property. Zoned Zoned: C2, Commercial High Intensity, he purpose of the high-intensity commercial zone is to encourage major development in the city s central business district. The lot does have access to a ready made run off system and lift station that access city sewer. The entire property is in a flood zone X which is the best flood zone rating in Florida which translates to high and dry and should not require any flood policy by a lender. Property Growth Potential Property Growth Potential: The growth potential can not be overstated with this property. Either with an investment or with a development scope the property has a vast amount of potential. There is room to add more tenants on both the north and the south side of the property or could be re-purposed to fit a new development mind set due to the superior location

5 PROPERTY PHOTOS Gym Front Gym Whole Building Salon Room To Grow

6 PROPERTY PHOTOS

7 DEMOGRAPHICS Characteristics Population Characteristic 1 Mile 3 Mile 5 Mile Ages ,368 Ages ,654 Ages ,439 Ages ,335 Ages ,406 Ages ,493 Ages ,519 Ages ,600 Ages ,750 Ages ,949 Ages ,009 Ages ,959 Ages ,720 Ages ,435 Ages ,242 Ages Ages Characteristic Housing 1 Mile 3 Mile Housing Units ,525 Occupied Housing Units 512 5,284 Owner Occupied Housing Units 285 2,672 Renter Occupied Housing Units 227 2,612 Vacant Housing Units 244 8,241

8 DEMOGRAPHICS Median Income Household Income 1 Mile 3 Mile 5 Mile Median Income $47,000 $49,205 $53,197 Less than $10, $10,000 -$14,999 N/A $15,000 - $19, $20,000 -$24, $25,000 - $29, $30,000 - $34, $35,000 - $39, $40,000 - $44, $45,000 - $49, $50,000 - $59, ,009 $60,000 - $74, ,418 $75,000 - $99, ,254 $100,000 - $124, ,052 $125,000 - $149,999 N/A $150,000 - $199,999 N/A Greater than $200, Housing 1 Mile 3 Mile 5 Mile Housing Units ,525 25,213 Occupied Units 512 5,284 11,442 Owner Occupied Units 285 2,672 6,130 Renter Occupied Units 227 2,612 5,312 Vacant Units 244 8,241 13,771

9 AERIAL VIEW

10 LEASE RENT ROLL Unit Tenant Lease Length Monthly Increase Number of Options Year of Increase Deposit 72 Tenant 2 Year $ None None 0 69 Tenant 2 year $1, None None Tenant 3 year $ % None None Tenant 2 year $ None None Tenant 6 Year $1, % 2 year at year Tenant 3 year $1, None None 0 58/59 Tenant 5 year $1, % 2 at year 5 and Tenant 3 year $ none none 0 Tenant 3 Year $ % 2 3 year Tenant 2 Year $ none none 850 Tenant 3 year $12, year/ 5 year 0 $2, Total Monthly $25,186.17