Property profile

2126 Highway 2321 Southport, FL 32409

FOR SALE
Turn key restaurants
Property ID
US18-5242704
4,502 SF 0.54 ac lot Built 1970
Individually Owned 12-yr Hold ~ Est. High Equity
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2126 Highway 2321, Southport, FL 32409 For Sale
Contact for pricing 4,502 SF
2126 Highway 2321, Southport, FL 32409
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Property summary

AI-generated overview

This exceptional 3,800 square foot commercial building, situated on a half-acre lot at 2126 Hwy 2321 in Southport, Florida, presents a unique investment opportunity. Currently operating as a USDA-certified meat processing facility, its C-3 zoning in unincorporated Bay County allows for a wide array of commercial uses. The property boasts high traffic counts, ensuring excellent visibility and accessibility. The main structure, approximately 2,000 square feet, is constructed of brick and mortar and features two bathrooms, two office spaces, a sizable counter area, and a retail space. The open area is specifically designed for meat processing, while the remaining covered space is ideal for shipping, receiving, and storage. The building has undergone significant renovations following Hurricane Michael, including a complete roof replacement and interior refurbishment, ensuring its structural integrity and modern functionality. This versatile property offers substantial potential for various commercial ventures, making it an attractive investment in a thriving location. Schedule a viewing to explore the possibilities. The building maintains a status that meets Good Manufacturing Practices (GMP) standards.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Construction WOOD
Total area 4,502 SF
Lot 0.54 ac (23,500 SF)
Zoning code BC05
APN 08019-000-000
UPID US18-5242704

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2126 Highway 2321 Southport, FL 32409
Southport metro Census 203 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2014
7 recorded transactions
2017
Price N/A
2014
$85,000
2013
$105,000
2004
$125,000
2003
$350,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BC05 · Southport, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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