1321 Coastal Highway Panacea, FL 32346

229302639 30.027065 -84.38993 2137 /listing/229302639-150236977/1321-coastal-highway-panacea-fl-32346 False 0 3000000.0 6000 101 301801 False
  • $3,000,000
  • 6,000 sqft
  • Est payment $16104.65/mo

Property & Neighborhood Info

Courtesy Of Shell Point Realty, Inc

Commercial in PANACEA

GAS STATION, SHIP'S STORE PLUS!!! Crum's Mini Mall is practically an "institution" and the center of shopping activity in the area. Crum's is the largest retailer of marine gas in the Panacea area, which attracts & adds to the customer base. This one-stop shopping center for addressing all fishing/marine-related needs is just around the corner from Rock Landing Marina (Dickerson Bay). Since the gas, marine & otherwise, tanks and pumps have been replaced with new state-of-the-art equipment and have been relocated to be closer to additional new ice machines, it is easy for a fishing group to gas up, pick up ice, bait, rods, etc. without moving their vehicle from the gas pumps. That's a good change for the customer, and the owner benefits from a new and costly "point of sale" computer system which analyzes each transaction as to product sold and profit margin, in addition to the benefit of maintaining timely inventory control. Additionally, the owner has added significantly to the freezer capacity of the store, augmenting its current reputation as the most reliable source of all types of bait, and has invested in new attention-getting signage, and substantial innovations to the physical plant. All of the above very-costly improvements not withstanding, a buyer of this property will be buying it with a million dollar-plus paid-in-full inventory and with no debt against the property or business. Projected gross for 2019 is $4 million with the buyer able to draw against a possible net of $800,000 and/or reinvest a portion in the business. This net is available due to owner's new competitive buying system, plus his deletion of products with a lower profit margin and replacement of said lines with higher-yield products. Financials and Tax returns will be made available to serious prospects. The current proprietor will make himself available, post closing, to the business for a transition period, allowing a purchaser the benefit of the goodwill that has accrued to t

Courtesy Of Shell Point Realty, Inc
  1. 6,000 Sq. Ft.

Main Features

  • Listing Status: Active
  • School District: 12129
  • County: Wakulla
  • Taxes: $300.00
  • Fees: $5,700.00
  • Units: 2
  • Subdivision: Allens Addition
  • MLS Number:301801

Additional Features

  • Cooling:
    • Central Building
    • Wall Units
  • Construction:
    • Concrete Block
    • Floor - Concrete
    • Roof - Metal
  • General Features:
    • Fuel Tank - In Ground
    • Furniture/Fixture Inv.
    • Restrooms - Private
    • Restrooms - Public
    • Security System
  • Location:
    • Central Business District
    • Coastal Property
    • Corner Unit
    • Fronts On Main Road
    • Shopping Strip Center
  • Property Type:
    • Business
    • Land
    • Office
    • Other
    • Retail
    • Shopping Center
  • Topography:
    • Clear
    • Dry
    • Level
    • Well Drained
  • Parking:
    • 11 - 25 Spaces
  • Heating:
    • Central Building
  • Utilities Available:
    • Electricity
    • Public Water
    • Sewer
    • Telephone
  • Access:
    • Curb Cut - Approved
  • Operating Expenses:
    • Advertising
    • Electric
    • Gas/Oil
    • Insurance
  • Owner Pays:
    • Advertising
    • Electric
    • Gas/Oil
    • Insurance
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

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Ann Fisher
Ann Fisher
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1321 Coastal Highway Panacea, FL 32346

229302639 30.027065 -84.38993 2137 /listing/229302639-150236977/1321-coastal-highway-panacea-fl-32346 False 0 3000000.0 6000 101 301801 False
  • $3,000,000
  • 6,000 sqft
  • Est payment $16104.65/mo