3400-3407 SR 77
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
3400-3407 SR 77
2 Retail Properties Offered at $2,695,000 in Panama City, FL
Investment Highlights
- Main Corridor
- Two Metal Retail Buildings
- Two locations of ingress/egress
Executive Summary
Owners are willing to divide! Desirable 4.2 acre property located on busy Hwy 77 in Panama City, FL. There is 330' of road frontage on Hwy 77 with ingress and egress in two locations. Annual average daily traffic count is 33,065 vehicles. The property consists of two metal 60' x 60' retail buildings complete with finished interior space and covered warehouse storage. There is parking at each building and a driveway between. There is no direct curb cut in the median at this location, but the cut is very nearby so turning in from the opposite side of the road is fairly easy. The back portion of the property is vacant land except for a cement slab where an additional storage building used to be. The sellers retail business is not for sale only the buildings and property. The other business onsite is in a month to month lease. Please do not disturb these tenants. The interior photos are of the Pooltech building only. The property is located in an A Flood Zone, so flood coverage is lender required on the buildings. The sellers had a ditch installed around the perimeter of the property years ago to move rainwater off and out to the main street drainage. The property has a Panama City address, but it was annexed by the city of Lynn Haven so utilities and taxes are through Lynn Haven. Lots of potential with this size lot for teardown and redevelopment also: Office, Hotel, Retail, Restaurant, etc. The property, once purchased, could be split into two parcels. This corridor between Lynn Haven and Panama City is widely traveled for shopping, dining and going to work. It would be an excellent location for high visibility and exposure. We are a growing community who, after Category 5 Hurricane Michael in 2018, has been on a steep incline of growth. One of our major employers is Tyndall Air Force Base who is completing their rebuilding and is set to bring in 3 squadrons of F-35 Fighter Jets to the base. This 4.9 Billion dollar investment will bring back approximately 8,000 personnel to the base. To assist in this Panama City is building housing and infrastructure to accommodate. In addition we are home to NSA, a Naval Dive Training Center and Research facility. Many of the military families choose Lynn Haven as their home due to the quality of life it provides due to excellent schools, varied restaurant and grocery options, and close proximity to the bases, beaches, boat ramp, community parks and more.
Property Facts
Price | $2,695,000 | Number of Properties | 2 |
Price / SF | $374.31 / SF | Individually For Sale | 0 |
Sale Conditions | Redevelopment Project | Total Building Size | 7,200 SF |
Sale Type | Investment or Owner User | Total Land Area | 8.40 AC |
Status | Active |
Price | $2,695,000 |
Price / SF | $374.31 / SF |
Sale Conditions | Redevelopment Project |
Sale Type | Investment or Owner User |
Status | Active |
Number of Properties | 2 |
Individually For Sale | 0 |
Total Building Size | 7,200 SF |
Total Land Area | 8.40 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
3407 Sr-77, Panama City, FL 32405 | Retail | 3,600 SF | 1985 | - |
3400-A Sr-77, Panama City, FL 32405 | Retail | 3,600 SF | 1985 | - |
1 of 1
1 of 22
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
3400-3407 SR 77
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.