14-Unit Apartment
For Sale
$1,400,000
114 S Highway 22 A, Panama City, FL 32404
CommercialSale, Panama City, FL
Property Size13,768 SF
Lot Size0.65 Acres
Price / SF$101.69
Days on Market120
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
Cooling system
Central Air
Building Details
Year built
1984
Floors in Building
2
Building materials
BrickVeneer, Stucco, WoodFrame
Roof type
Shingle, Composition
Listing Agency:
Counts Real Estate Group
(850) 248-3615
Listed By:
Charlie B Haas · License #3021473
(850) 896-2240
Added: Jun 5
Changed: Sep 14
Last Checked: Oct 2 at 3:06AM
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 14-unit apartment property comprises four buildings totaling 13,768 square feet on 0.65 acres. The unit mix includes eight apartments of approximately 800 square feet, each paired with an exterior 64-square-foot laundry room, plus six apartments of approximately 1,100 square feet with laundry facilities inside the units. Built in 1984, the buildings feature brick veneer, stucco, and wood-frame construction, along with central electric heating, central air conditioning, public sewer, and shingle or composition roofing.
The property is positioned along S Highway 22 in Panama City, between Tyndall Air Force Base and Panama City, with Panama City Beach nearby. All apartments are currently 100% occupied. Recent work includes new roofs installed on all buildings in April 2026, as well as fresh paint on the eaves, soffits, and entryways.
The property is positioned along S Highway 22 in Panama City, between Tyndall Air Force Base and Panama City, with Panama City Beach nearby. All apartments are currently 100% occupied. Recent work includes new roofs installed on all buildings in April 2026, as well as fresh paint on the eaves, soffits, and entryways.
Key Highlights
- 14‑unit apartment complex across 4 buildings
- 13,768 square feet on 0.65 acres
- Unit mix includes 8 apartments at 800+/- square feet and 6 apartments at 1,100+/- square feet
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment community with varied floor plans and recent exterior improvements.
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 $1,400,000.
What are key features of this property?
This property features: 14‑unit apartment complex across 4 buildings; 13,768 square feet on 0.65 acres; Unit mix includes 8 apartments at 800+/- square feet and 6 apartments at 1,100+/- square feet
