622 Gardenia Street

Panama City Beach, FL 32407
$990,000
760 sqft | 2 beds | 2 baths | 0.33 acres | #762988

Description

Attention all investors and entrepreneurs - this property is a real game-changer! Boasting a coveted High Intensity Commercial zoning designation or Multi-Family use in the heart of Panama City Beach. Comes as a double lot with a turnkey 2 Bedroom/ 1.5 Bath, 760 sq ft house. The lot has enough space for 2 structures! Imagine the potential to build Two Duplex's with enough room for pools and potential views of the Gulf of Mexico on the top floors. And with short term rentals permitted, you can maximize your investment by generating income year-round. What's more, this property is located in a highly desirable area with lots of visibility and new development happening all around, ensuring a bright future for your investment. And with no HOA to worry about, you'll have the freedom to make your vision a reality. And let's not forget the unbeatable location - just a 5-minute walk to the beautiful beaches. The owner has blueprints for a duplex on the vacant lot that can be included in the sale. Comes with building plans for a duplex.

  • Interior Details
    • Beds & Baths
      • Bedrooms:2
      • Bathrooms:2
      • Full Baths:2
  • Property Details
    • Property
      • Lot description:Corner Lot
    • Measurements
      • Acres:0.33
      • Square Feet:760
  • Construction Details
    • Type & Style
      • Property type:Purchase
      • Style:Coastal
    • Condition
      • Year built:1952
    • Material information
      • Foundation:Slab
  • Utilities / Energy Details
    • Utility
      • Utility features:Cable Available, Electricity Connected, Sewer Connected, Water Available
  • Community and Neighborhood Details
    • Community
      • Subdivision:Bahama Beach
    • Location
      • Elementary School:Hutchison Beach
      • Middle School:Surfside
      • High School:Arnold
      • County:Bay
  • Financial Details
    • Pricing Details
      • Days on Market (Cumulative):1
      • Taxes annual:$3, 174
  • Other
    • Source
      • MLS #:762988

Location

Central Bay Realty and Property ManagementReal Estate Group
$
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Down Payment

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10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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