Four-Building Apartment
For Sale
$1,600,000
114 S Highway 22 A, Panama City, FL 32404
CommercialSale, Panama City, FL
Property Size13,768 SF
Lot Size0.65 Acres
Price / SF$116.21
Days on Market90
Property Features for 114 S Highway 22 A
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Resid Multi-Family
Security features
Security
Subdivision
Lakewood
Elementary school
Parker
Middle school
Everitt
High school
Rutherford
Directions
Bishop Apartment Complex is located near the southwest corner of Hwy 22A (Bob Little Road) and Cherry Street and south and adjacent to the Marathon Gasoline & Convenience Store, with alleyway access to the two buildings in the rear.
Standard status
Active
APN
25010-008-000
Size
13,768 SF
Lot size
0.65 Acres
Taxes and HOA fees
Tax Description
LAKEWOOD (4.10) MP 119A2 LOT 4,5,6 BLK 1 & PART OF VACATED ALLEY ORB 1934 P 2111
Legal Description
LAKEWOOD (4.10) MP 119A2 LOT 4,5,6 BLK 1 & PART OF VACATED ALLEY ORB 1934 P 2111
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Building Details
Year built
1984
Floors in Building
2
Building materials
BrickVeneer, Stucco, WoodFrame
Roof type
Composition, Shingle
Listing Agency:
Counts Real Estate Group
(850) 248-3615
Listed By:
Charlie B Haas · License #3021473
(850) 896-2240
Added: Jun 5
Changed: Aug 19
Last Checked: Sep 2 at 6:06PM
MLS# 790876
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This apartment property comprises 14 units distributed across four buildings on a 0.65-acre site. The unit mix includes eight apartments measuring approximately 800 square feet each, with exterior 64-square-foot laundry rooms, along with six apartments of approximately 1,100 square feet featuring indoor laundry. The buildings date to 1984 and incorporate brick veneer, stucco, and wood-frame construction, with central electric heating and public sewer service.
All apartments are currently 100% occupied. The property is situated between Tyndall Air Force Base and Panama City, with proximity to Panama City Beach. Improvements include composition shingle roofs installed on all buildings in April 2026, along with painted eaves, soffits, and entryways. The property address is 114 S Highway 22 A, Panama City, Florida 32404.
All apartments are currently 100% occupied. The property is situated between Tyndall Air Force Base and Panama City, with proximity to Panama City Beach. Improvements include composition shingle roofs installed on all buildings in April 2026, along with painted eaves, soffits, and entryways. The property address is 114 S Highway 22 A, Panama City, Florida 32404.
Key Highlights
- 14‑unit apartment complex across 4 buildings
- 8 units at 800+/- square feet and 6 units at 1,100+/- square feet
- 0.65‑acre site with 13,768 square feet of property area
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 32404, FL
38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with varied layouts, dedicated laundry areas, and recently improved exterior components.
Where is this apartment building located?
The property is located at 114 S Highway 22 A Panama City, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 14‑unit apartment complex across 4 buildings; 8 units at 800+/- square feet and 6 units at 1,100+/- square feet; 0.65‑acre site with 13,768 square feet of property area
