1654 E 5th ST Sold

Panama City,FL 32401

$ 6200000

$ 6900000 10.1%

- Bed

- Bath

- SqFt


Key Details

Sold Price $6,200,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision No Named Subdivision

MLS Listing ID 748690

Year Built 2016

Lot Size 2.860 Acres

Property Description

UNDER CONTRACT! TAKING BACKUP OFFERS. Take a look at this like new beautiful full service - turn key Upscale Marina for sale in the Bay County Panama City Florida area. Marina was fully constructed in 2016 and consist of a 44,228 square foot barn for inside storage capacity of up to 240 boats and 2 Taylor boat forklifts. The barn has 3 rows and can easily accommodate a 32 ft boat. Marina is on a 2.5 acre parcel for additional growth such as an outdoor . restaurant, service department etc. The outside wet slips consist of 15 and accommodation of long term rental or transit. On the premises is a large Tiki bar, kitchen. Take a dip on the pristine pool after a long day of fishing.. Fuel depot on site, gift and bait shop and a large 1800 square foot office. On the second floor of the storage barn is a beautiful one bedroom one bath apartment overlooking the Bayou and Marina. An outdoor open air pavilion, 2 ice machines, 2 freezers, 11 courtesy racks, fish cleaning station and two additional large piers. This is the only inside storage facility in the inner city of Panama City Florida with an estimated population of around 150,000. New city public boat ramp being constructed two parcels down which will increase the fuel/bait sales and additional inside storage. Bank appraisal accomplished in 2019 and available with proper buyer credentials. This will give a potential qualified buyer the actual value of the marina going back to 2019. Centrally located near restaurants and 5 minutes from downtown Panama City. Easy access to the Gulf. Will consider Seller Financing with substantial down.

Location

State FL

County Bay

Area 02 - Bay County - Central

Interior

Heating Central,Electric

Cooling Central Air,Ceiling Fan(s),Electric

Flooring Concrete

Exterior

Waterfront Yes

Waterfront Description Bayou,Gulf Access,Riparian Rights,Seawall

View Bayou

Roof Type Metal,Vented

Building

Foundation Slab

Schools

Elementary Schools Cherry Street

Middle Schools Jinks

High Schools Bay

Others

Acceptable Financing Cash,Conventional,Owner May Carry

Listing Terms Cash,Conventional,Owner May Carry

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