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    OFF-MARKET
    Commercial real estate

    6709 Highway 77, Southport, FL 32409

    Built 2001
    Property ID
    US18-4560483
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 2001
    UPID US18-4560483
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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