NOT LISTED FOR SALE

3712 E 3rd St Panama City, FL 32401

Estimated Value: $264,027

Studio
-- Bath
5,550 Sq Ft
$48/Sq Ft Est. Value

Last Sold September 08, 2025

Last sale price $263,500 $47 Per Sq Ft

Current estimated payment $1,437/month

116 Days on Market

About This Home

As of September 2025

This commercial space is perfect for many things! Some approved ideas from the city are catering/delivery business, food truck prep and commissary, bail bonds company, flower shop, cheer/tumble/ choreography practice room, butcher/meat processor, office space, laundromat, beauty salon/barber shop. The front half of this Mixed-Use building is approximately 1750 square foot of store front, office space, kitchen with tons of supplies, and a big open room for your needs. You can enter through the front of the building into a store front area, or through the French double doors on the left side of the building into the open room. The open room has two office spaces on the front side of the property. There is a third office just behind the store front area, heading into the kitchen space. The front half of the building is completely closed off from the back half of the building, but can easily be converted to be accessible if desired. The back half of the building is approximately 3800 square foot of warehouse, office space, kitchen, and a prep space for your needs. As you enter the building from the Claire Ave side, you walk into the prep space area. Continuing in, you will see the huge walk in freezer ahead, and the kitchen entrance to the right. There are two office spaces upstairs, as well as a loft/storage space. This property has a massive walk in refrigerator with three showcase doors for easy access. The oversized rolling utility door adds ease for bringing in large supplies. There is a documented rental income for the last three years for $5000 per month on the back and $1400 per month on the front. Call your favorite Realtor today to schedule your tour!

Last Agent to Sell the Property

Cecilia Pierce

Beachy Beach Real Estate License #SL3522195 Listed on: 02/16/2025

Beachy Beach Real Estate

Last Buyer's Agent

Non Member

NON-MEMBER OFFICE

Property Details

Property Type

  • Other

Year Built

  • Built in 1942

Lot Details

  • 4,792 Sq Ft Lot

Schools

  • Cherry Street Elementary School
  • Everitt Middle School
  • Rutherford High School

Community Details

  • No Home Owners Association
  • East Springfield Subdivision

Property Details

Property Type

Other

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1942
  • Property Sub Type: Other
  • Lot Size Acres: 0.11
  • Subdivision Name: East Springfield
  • Property Sub Type Additional: Other
  • Special Features: None

Interior Features

  • Possible Use: Commercial

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Everitt

Lot Info

  • Lot Size Sq Ft: 4791.6
  • Mobile Dim Units: Feet

MLS Schools

  • Elementary School: Cherry Street
  • High School: Rutherford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2025
Closed on
Sep 3, 2025
Sold by
Pierce Wood Enterprise Llc
Bought by
Chen Edward
Seller's Agent
Cecilia Pierce
Beachy Beach Real Estate
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$399,000
Sold Price
$263,500
Premium/Discount to List
-$135,500
-33.96%
Views
12
Current Estimated Value
$264,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$527
Avg. Annual Appreciation
0.54%

Purchase Details

Closed on
Nov 22, 2022
Sold by
Gandys Oyster Bar Llc
Bought by
Pierce Wood Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,000
Interest Rate
7.08%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 1, 2018
Sold by
Karr Evelina Elizabeth
Bought by
Gandy S Oyster Bar Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 2015
Sold by
Nu Prints Inc
Bought by
Karr Evelina Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
3.84%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chen Edward $263,500 Alpha Title Co Agency
Pierce Wood Enterprises Llc $370,000 Mti Title
Gandy S Oyster Bar Llc $115,000 Florida Land Title & Trust C
Karr Evelina Elizabeth $56,100 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pierce Wood Enterprises Llc $259,000
Previous Owner Gandy S Oyster Bar Llc $75,000
Previous Owner Gandy S Oyster Bar Llc $45,000
Previous Owner Karr Evelina Elizabeth $152,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2025 09/08/25 Sold $263,500 -11.9% $47 / Sq Ft
06/12/2025 06/12/25 Pending -- -- --
04/19/2025 04/19/25 Price Changed $299,000 -14.3% $54 / Sq Ft
04/14/2025 04/14/25 Price Changed $349,000 -12.5% $63 / Sq Ft
02/15/2025 02/15/25 For Sale $399,000 -- $72 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $837 $41,114 $24,000 $17,114
2024 $846 $42,602 $24,000 $18,602
2023 $846 $42,602 $24,000 $18,602
2022 $754 $38,759 $0 $0
2021 $669 $35,235 $14,400 $20,835
2020 $245 $10,250 $9,600 $650
2019 $288 $11,547 $9,600 $1,947
2018 $736 $42,685 $0 $0
2017 $0 $44,631 $0 $0
2016 -- $46,577 $0 $0
2015 -- $39,091 $0 $0
2014 -- $35,537 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 768908

Central Panhandle Association of REALTORS®

APN: 23475-000-000