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    104 Coastal Hwy Panacea, FL 32346

    For Sale
    $500,000

    Bank Building, High Visibility, 0.78 Acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, located at 104 Coastal in Panacea, Florida, presents a unique investment opportunity. Situated on a sizable 0.78-acre lot, the building offers significant potential for a variety of businesses. Previously operating as a bank, the property retains all the fixtures and infrastructure associated with such a facility, including secure areas and potentially adaptable layouts. This ready-to-occupy space is ideal for a range of uses, making it an attractive option for entrepreneurs and established businesses alike. The high-visibility location ensures excellent exposure to potential customers and clients. The building's adaptable interior allows for customization to suit specific business needs, whether it's a financial institution, restaurant, medical practice, or retail establishment. The substantial lot size offers ample parking and potential for future expansion or outdoor amenities. This property represents a rare chance to acquire a well-maintained, strategically located commercial building in a thriving community. The asking price is $500,000. Serious inquiries are encouraged. The square footage of the building is not currently available.

    Property Features for 104 Coastal Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    33,977 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Hotel & Motel Department Store Kitchen & Bath Food Market Grocery Store Bar & Pub Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panacea
    County
    Wakulla
    State
    Florida
    Longitude
    -84.38424
    Latitude
    29.98119

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    FAQs

    What type of property is this?
    Commercial real estate - Bank Building, High Visibility, 0.78 Acres
    Where is this commercial real estate located?
    The property is located at 104 Coastal Hwy Panacea, FL.
    What is the asking price?
    The asking price for this property is $500,000.
    (850) 926-9090
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    104 Coastal Hwy Panacea, FL 32346
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    Panacea, FL 32346
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    104 Coastal Hwy Panacea, FL 32346
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