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Property profile & analytics
FOR SALE
Bars & Pubs

5022 Highway 22 Callaway, FL 32404

4,224 SF 0.48 ac lot Built 1965
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US18-4819916
Property summary
AI-generated overview

This exceptional Panama City retail property, located at 5022 Hwy 22, offers 3,420 square feet of space in a single-story building constructed in 1965. Situated on a generous 21,780 square foot lot, the property boasts a high-traffic location with significant visibility due to large exterior signage. Currently operating as a furniture store, the building features multiple key assets including three entrances, four bathrooms, a dedicated office area, and ample parking at the rear, which presents potential for enhanced security or privacy with fencing. The property includes two mini-split HVAC systems installed less than 14 months ago, along with an older, functional HVAC system. The roof was replaced after Hurricane Michael. The asking price is $720,000. This property is being offered with the existing business and inventory, or the real estate can be purchased separately. While the building functions well in its current state, some renovations may be desired by future owners. Interested parties are encouraged to contact for further details; please refrain from contacting on-site employees.

Property profile
Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,224 SF
Lot 0.48 ac (20,900 SF)
Zoning code CLWY04
APN 24487-000-000
UPID US18-4819916
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Barbara Hoyt · 3 yrs held
Barbara Hoyt
since 2023
Last sale
$225,000
1 recorded transaction
2023
$225,000
Zoning & alternative use
CLWY04 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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