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Property profile & analytics
FOR SALE
Office Spaces

104 Coastal Hwy Panacea, FL 32346

4,197 SF 0.66 ac lot Built 1964
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-5559478
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,197 SF
Lot 0.66 ac (28,749 SF)
Zoning code C2
APN 01-6S-02W-000-03866-000
UPID US18-5559478
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$610k
Comparable Approach Comparable
$1.01M
Blend (final) Blend
$795k
Owner & transaction history
Angelo Earnest Petrandis · 1 yrs held
Angelo Earnest Petrandis
since 2024
3 recorded transactions
2024
Price N/A
2021
Price N/A
2015
Price N/A
Zoning & alternative use
C2 · Panacea, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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