1321 Beck Ave Panama City, FL 32401
This exceptional 11,225 square foot special purpose property, located at 1321 Beck Avenue in Panama City, Florida, presents a unique investment opportunity. Built in 1950 and renovated in 2005, this single-story building boasts a beautiful sanctuary with seating for up to 165, a complete kitchen, and twelve classrooms. The property also includes a substantial fellowship hall, ideal for various community gatherings or events. Adding significant value is an additional parcel located at 3007 W. 14th St (Parcel ID#: 29959-000-000), currently used as a commercial parking lot, which is included in the sale. This expansive 47,916 square foot lot provides ample parking and potential for future development. The property is situated in Bay County, Florida, zip code 32401, and offers a blend of established functionality and considerable redevelopment potential. The asking price for this remarkable property is $1,450,000. This is a rare opportunity to acquire a well-maintained, versatile property with significant potential for various uses. The property's size, amenities, and prime location make it an attractive investment for a wide range of buyers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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