1321 Coastal

    Panacea, FL 32346
    • $3,000,000
    • STATUS: Active
    • ON SITE: 186 days
    • MLS #: 301801
    UPDATED: 19 min ago
    $3,000,000
    • 0
      BEDS
    • 0.51
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,000
      SQFT
    • $500
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    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 the business over the years. Crucial staff is available for retention. This listing is for two adjoining parcels - 24-5S-02W-045-03002-000 (.352 acres) and 24-5S-02W-045-03003-000 (.157 acres).

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    © 2019 CAPITAL AREA TECHNOLOGY & REALTOR® SERVICES, INC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Best Move Home Sales | Keller Williams Town & Country Realty. Data last updated: 2019-07-22T10:14:40.833.
    www.bestmovehomesales.com/homes/90927352

    1321 Coastal Panacea, FL 32346

    • Price: $3,000,000
    • Status: Active
    • Updated: 19 min ago
    • MLS #: 301801
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.51
    Acres
    6,000
    SQFT
    $500
    $/SQFT
    Neighborhood:
    Allens Addition
    County:
    Wakulla
    Area:
    Wakulla-4
    Property Description
    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 the business over the years. Crucial staff is available for retention. This listing is for two adjoining parcels - 24-5S-02W-045-03002-000 (.352 acres) and 24-5S-02W-045-03003-000 (.157 acres).
    Exterior Features

    Access Curb Cut - Approved Construction Concrete BlockFloor - ConcreteRoof - Metal Location Central Business DistrictCoastal PropertyCorner UnitFronts On Main RoadShopping Strip Center On Site Parking 11 - 25 Spaces Road Frontage Access RoadGovernment Maint.Main ThoroughfarePavedU.S. Highway Topography ClearDryLevelWell Drained

    Interior Features

    Cooling Central BuildingWall Units Features Fuel Tank - In GroundFurniture/Fixture Inv.Restrooms - PrivateRestrooms - PublicSecurity System Heating Central Building Office Sq Ft 300 Retail Sq Ft 5700

    Property Features

    Commercial Type Commer/Business/Industr Distance From Capital 21-25 Miles Documents Available Survey Environmental Regulatory Conforming Existing Encumbrances Yes Existing Mortgage Yes Inside Capital Circle No Lease Terms None List For Sale Real Estate And Business Metes And Bounds No Occupancy Occupied-To-Vacate Operating Expense Acc Accountant ProvidedBooks Avail. W/ContractTax Return Owners Expenses Include AdvertisingElectricGas/OilInsurance Property Type LandOfficeRetailOtherBusinessShopping Center Service 3 Phase Electric220 Volt Electric Sq Ft Source Other Terms CashConventional Type Of Business Or Building Business ServiceConvenience Store W/GasRetail Utilities Available ElectricityPublic WaterSewerTelephone

    Listing information © 2019 Capital Area Technology & Realtor Services
    Listing provided courtesy of Shell Point Realty, Inc.


    © 2019 CAPITAL AREA TECHNOLOGY & REALTOR® SERVICES, INC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Best Move Home Sales | Keller Williams Town & Country Realty. Data last updated: 2019-07-22T10:14:40.833.
     
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