5 Mashes Sands Rd
Panacea, FL 32346
Angelo & Son's Seafood · Retail Property For Sale

REDUCED PRICE Florida-Investment Property FOR SALE ***PRICE REDUCED! **This is a LAND and BUILDING SALE - Following the destruction by Hurricane Dennis in 2005 the owners rebuilt the 18,000 SF Restaurant to a state of the art, one of a kind facility. -This was accomplished sparring no costs with almost Four Million Five Hundred Thousand Dollars ($4,000,500.00) spent on the new construction of the building which mirrors the footprint of the original structure. - All new restaurant equipment was purchased to support it as well. A walk through the kitchen, coolers and prep areas reveal the over Half a Million Dollars ($500,000.00) spent on new equipment. - The building' s HVAC and electrical support systems are second to none. The building is constructed on concrete pilings buried approximately 30 feet deep. The building has a hollow core precast floor slab and a wall system of precast concrete with a 3-inch Styrofoam, sandwich panel. The precast wall panels support steel frame trusses and a standard metal pan roof deck. - The new design has been built to withstand 160 mph winds and it was raised an additional three feet above the federal flood elevation for that location. - Panacea is located within the Tallahassee metro area approximately thirty miles from downtown Tallahassee. - - Perched on pilings and jutting out into the Ochlockonee bay, this well-known seafood restaurant has long been a favorite dining spot for area residents and visitors to the area. - The Restaurant has been in operation at its current condition for approximately 70 years. The continuous ownership and operation is what has afforded it the unique status of being one of the few Butler Act Exempt properties in the state.