This 37,492 square foot neighborhood shopping center is located in the City of Callaway, a growing municipality near Panama City. This center is consistently over 95% occupied and rent rates (paid by long-term tenants) are well-below or at the low side of the market which accounts for it's high occupancy rate. The center has very good visibility, with a daily traffic count in excess of 35,000 cars per day. The entire site is 8.82 acres and has 630 feet of frontage on Tyndall Pkwy 610 feet deep. The retail center occupies about 400 feet of frontage by 250 feet deep. The additional 230 feet of frontage on Tyndall Pkwy is occupied by a mobile homes sales lot: Paul's Other lot At the rear of the shopping center there is a parcel approximately 350 of frontage on Harvey St, 603 feet deep, about 5 acres that are included in the total 8.822 acres. There is a large home with an in ground pool that fronts on Harvey St., the rest of the site is vacant. The seller is willing to divide up the property into 2-3 parcels. The Center and each of the two other parcels may be purchased individually. The price for the retail center on approximately 400 x 250 feet is $1,325,000, see MLS 413969 & 413970 for information on the other parcels.
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Data Provided by Bay County Association of REALTORS Inc