7724 Front Beach Rd
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7724 Front Beach Rd
9,100 SF Retail Building Panama City Beach, FL 32407 $2,200,000 ($242/SF)
Investment Highlights
- Great development opportunity: 318-linear feet of frontage on Front Beach Rd.
- 30,900 residents reside within 3-square mile radius of property: forecasts predict that this area will experience 11% growth between '24-'29.
- High visibility: passed by 24,800 daily drivers via Panama City Beach Parkway.
Executive Summary
Great development property located in Panama City beach. Approximately 1.75 acres located at signalized intersection. 35,000 cars per day travel by this site. 9,100 square foot closed restaurant currently located on property with parking for 118 cars. General C-3 zoning. 15 units/acre, building height up to 230'. 300'+ of frontage on Front beach road and 250' on Thomas Drive/Bay point exit lane. Close to Hawthorn Suites and a Fairfield Inn and Suites. Near new PCB Sports Complex.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
1985
Price
$2,200,000
Price Per SF
$242
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.59 AC
Zoning
C-3 - General C-3 commercial zoning. 15 units/ acre density, building height up to 230'. Daily traffic count 35,000 per day.
Parking
85 Spaces (9.34 Spaces per 1,000 SF Leased)
Frontage
318 FT on Front Beach Rd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 27868-060-000 | Improvements Assessment | $121,193 |
| Land Assessment | $825,760 | Total Assessment | $946,953 |
PROPERTY TAXES
Parcel Number
27868-060-000
Land Assessment
$825,760
Improvements Assessment
$121,193
Total Assessment
$946,953
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7724 Front Beach Rd
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