EXIT Realty American

Panama City Beach, FL 32407

Listing Number:  664598
List Price:  $3,500,000
Price per sq ft:  $97
Listing Status:  Active
Property Type:  Commercial
Address:  12202 HUTCHISON
City:  Panama City Beach
County:  Bay
State:  FL
Country:  US
Area Name:  Bay County - Beach
+/- 6.42 Acres, Here Is Your Chance To Own A Fully Operational Income Producing, 100% Occupied Commercial Park With 3 Separate Buildings. Located On 2 Parcels With Multiple Tenants 34034-070-000 And 34034-070-050. You Can Either Own The Full Complex Or Check Out The Other Listing For Just The Gym And Salon (34034-070-050). With This Listing However The Possibilities Are Virtually Endless. Investment Wise It Is Bringing In Over 300k A Year In Leases Producing A Cap Rate Of 8 -10% With With The Potential To Grow And Add More Tenants. This Centrally Located Prime Real Estate Is Could Also Be A Opportunity To Be A New Development With The High Traffic Area Like Middle Beach With Easy In And Out Access To Boot.
Directions:  Located On The North Side Of Hutchison Boulevard Between Alf Coleman Road To The West And Richard Jackson Boulevard To The East.
Year Built:  1992
Construction:  Floor - Concrete, Floor - W/W Carpet, Foundation - Slab on Grade, Roof - Metal, Roof - Pitched, Siding - Alum Metal, Siding - Brick Front, Siding - Metal, Siding - Stucco, Steel/Frame, Trim - Aluminum
Acres:  6.42
Lot:  Improved Lots, Interior Location, Survey
Water Frontage:  [Waterfront: Waterfront Feet]
Water:  Public Water
Sewer:  Public Sewer, Sewer Available
Energy:  AC - 2 or More, AC - Central Elect, Water Heater - Tankless
Road Type:  2-Lane
Road Frontage:  100
Total Sq Ft:  35844
Stories:  1.00
Subdivision:  No Named Subdivision
Legal:  26 3s 16w -4.7- 47b Beg 178.94' N & 220' Sely Of Sw Cor Of Nw1/4 Of Sw1/4 For Pob Th N 610.96' E 429' S 667.10' W 345.43' Nwly 100.58' To Pob Aka Pcl B Orb 3049 P 197 Less -4.71- Sub To Esmnt Of Ingress/egress N/k/a 26 3s 16w -4.7- 47b Comm At Sw Cor Of Nw 1/4 Of Sw 1/4 Th N 178.94' To Nly Row Li Of Hwy The S56-19e Alg Row 220' For Pob Th N 610.96', S50-22e 261.69', S62-04e 92.55 S 197.63', W 199.
Utilities:  Electric 220/240, Electric On Site, Lift Station, Pest Control, Phone, Public Sewer, Public Water, Sewer Available, TV Cable
Contact Info
More Information
Ph: 850.234.5678
F: 850.234.2779

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Listing courtesy of Beachy Beach Real Estate

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Copyright 2009, Bay County Association of REALTORS. All rights reserved.

Last updated on March 19, 2018 at 9:39 AM

Information deemed reliable but is not guaranteed

Our Office Locations
EXIT Realty American 203 N. Hwy 79 Suite A Panama City Beach, FL 32413 850.234.5678
EXIT Realty American 731 Airport Rd. Panama City, FL 32405 850.234.5678