Property profile

6320 Hwy 77 Southport, FL 32409

OFF-MARKET
Retail space
Property ID
US18-0086977
2,200 SF 0.45 ac lot Built 1957
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,200 square foot office building in Panama City, Florida, presents a unique investment opportunity. Completely renovated in 2023, the property boasts a brand new HVAC system, roof, flooring, and interior finishes, ready for immediate occupancy. The building, classified as Class B, is situated on a substantial 108,900 square foot lot (over 2.5 acres), offering significant potential for expansion or additional development. Its single-story design provides convenient access and functionality. The property features over 500 feet of frontage on Highway 77, ensuring high visibility and accessibility for clients and customers. Built in 1957, this completely modernized space is perfect for a variety of uses, from retail to office space. The lease type is NNN, and the property is currently vacant, allowing for immediate customization to suit a new tenant's specific needs. The ample lot size provides the rare opportunity for a lay-down yard or additional retail space, making this a truly versatile and attractive investment. The asking price is $900,000. This property offers a compelling combination of renovated space, prime location, and significant land area, presenting a strong return on investment.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1957
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,200 SF
Lot 0.45 ac (19,758 SF)
Zoning code BC05
APN 08506-000-000
UPID US18-0086977

Cap rate & NOI

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

Location

6320 Hwy 77 Southport, FL 32409-1558
Southport metro Census 203 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$105k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$105k

Owner & transaction history

since 2023
Last sale
$120,000
7 recorded transactions
2023
Price N/A
2003
$120,000
2003
$77,800
1998
$90,000
1969
Price N/A
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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