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3533 W Highway 98 Panama City, FL 32401
4,330 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,330 sqft
Price per Sqft $271
Subdivision Lakeside
MLS Listing ID 795696
HOA Y/N No
Year Built 1970
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire a 14-unit multifamily property positioned directly along W Hwy 98 in Panama City, offering investors an established income-producing asset in a highly visible and strategically located corridor. With approximately 42,250 vehicles traveling this segment of W Hwy 98 daily, and updates from 2021 including new electrical, sewer and water lines, windows, doors, drywall, trusses and roof, the property benefits from exceptional exposure and convenient connectivity throughout Panama City and the surrounding Bay County market. Located in the historic St. Andrews area, this property places residents within easy reach of everyday necessities, restaurants, shopping, employment centers, schools, recreation and major transportation routes. The surrounding area provides convenient access to the Port of Panama City, Gulf Coast State College, Florida State University-Panama City, downtown Panama City, the Hathaway Bridge and the beaches of Panama City Beach. For residents, the location offers the convenience of being close to work, education, dining and entertainment, while investors benefit from the property's established multifamily use and proximity to major demand drivers throughout the Panama City market. Lucille Moore Elementary School is approximately 0.2 miles away, with Jinks Middle School approximately 2.5 miles and Bay High School approximately 2.9 miles from the property. The property's history as a multifamily asset dates back to its construction in approximately 1970, with public records also reflecting its historic operation as Bay Villa Apartments. Whether you're looking to add an established multifamily asset to your portfolio, or capitalize on the continued demand for housing in the Panama City/St. Andrews area, 3533 W Hwy 98 presents a unique opportunity to own a sizable multifamily property along one of the area's most traveled corridors. Buyer to independently verify all measurements, zoning, permitted uses, unit configuration, financials, traffic counts, and other property information deemed important to buyer. All financial information is approximate, provided by owner.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Fireplace No
Exterior
Utilities Available Sewer Available
Roof Type Composition,Shingle
Private Pool No
Building
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Level or Stories Two
Stories 2
Floor Plan Two
Schools
Elementary Schools Lucille Moore
Middle Schools Jinks
High Schools Bay
Others
Tax ID 29030-000-000
Special Listing Condition Listed As-Is
Listed by CENTURY 21 Commander Realty