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    104 Coastal Hwy Panacea, FL 32346

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    104 Coastal Hwy Panacea, FL 32346


    • Office properties & Spaces
    • 4,197 SF
    • 0.66 lot acres
    Former Bank Building For Sale For Sale
    $500,000

    Former Bank Building For Sale

    Versatile commercial building suitable for bank, retail, or office.

    104 Coastal, Panacea, FL 32346
    View Listing
    Property ID
    US18-5559478
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 104 Coastal Hwy

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.66 lot acres
    Property size
    4,197 SF
    Zone code
    C2
    Property type
    Office properties & Spaces
    APN
    01-6S-02W-000-03866-000
    APU
    016S02W00003866000

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $660,000
      6.5%
      $610,000
      7%
      $565,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,008,000
      Market price range: $316k - $1.20M
      AI Estimate
      $764,000
      Market price range: $354k - $804k

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Panacea
    County
    Wakulla
    State
    Florida
    Longitude
    -84.3843
    Latitude
    29.9812
    CBSA code
    45220
    CBSA name
    TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,510
    $30,000
    $245,090
    $275,090
    -
    $30,000
    $245,090
    $275,090
    View Listing
    More about this property
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