6709 Highway 77, Southport, FL 32409
This exceptional commercial property, located at 6709 Highway 77 in Southport, Florida (zip code 32409), presents a unique investment opportunity. The asking price is $572,900. This prime location boasts high visibility and traffic counts, situated just five minutes from Lynn Haven and Panama City. The property encompasses a substantial 31,798.8 square foot lot and includes two buildings, one of which was previously a seafood market. The two-story structure, built in 2001, requires some rehabilitation, including drywall and flooring, but benefits from recent upgrades such as a new roof and electrical system. The property's versatility allows for diverse uses, including office space or residential conversion. An added benefit is the inclusion of an adjacent lot, increasing the road frontage by 409 square feet. This presents a rare chance to acquire a well-positioned commercial property with significant potential for growth and return on investment in a thriving area. The property is situated in Bay County, Florida, and offers excellent commercial potential due to its high visibility and convenient location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.