Distressed Commercial Real Estate on the rise in Destin, 30A and Panama City Beach
The commercial property sector in the Emerald Coast was not spared during the real estate market crash. Many premium commercial properties in Destin, Sandestin, 30A and Panama City beach have been coming onto the market as either short sales or bank owned property. Distressed commercial real estate is on the rise along the beaches of South Walton as our economy struggles to regain its footing.
Commercial properties ranging from Businesses to apartments and attached single family units make up the bulk of commercial property in our area and make excellent investment opportunities and require a financially solid investor to take advantage of the distressed prices. The demand for commercial property has declined and construction of new commercial units has slowed. We have an abundance of fantastic commercial properties that will be cash cows once the economy stabilizes.
Team Baranowski has put together some Distressed Commercial Property Searches which covers the following:
Distressed Commercial property including: Bank Owned, REOs, foreclosures and short sales. These searches cover both the Emerald Coast MLS commercial property search and the Panama City MLS commercial property search. Commercial property includes: Apartments, Attached Single Family, Bars/ Restaurants, Businesses, Condos, Commercial Condos, Farms, Industrial, Residential Income, RV/ Mobile Park, and Service Stations. Search areas include: Ft. Walton Beach, Destin, Sandestin, Miramar Beach, Scenic 30A, Santa Rosa Beach, Panama City Beach, Panama City, Lynn Haven and surrounding areas.
