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Panama City Multifamily Opportunity
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5 Miracle Strip Loop, Panama City Beach, FL 32407

Two-story, 16-unit apartment building in central Panama City, Florida.

Space Size1,000 SF
Days on Market254

Property Features for 5 Miracle Strip Loop

General Information

Standard status Active
Size 1,000 SF
Property subtype Office

Spaces For Lease

at 5 Miracle Strip Loop
2nd Floor $22/SF/Yr
Size 1,000 SF
Type Office Building
Term Negotiable
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Listing Agency: Graham & Company Birmingham
Listed By: Kevin Williams, CCIM
Source: Grahamcompany
Added: Jan 27 Changed: Oct 1 Last Checked: Oct 7 at 10:39AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Graham & Company Birmingham

Investment Insights

Based on property information with market context.

This two-story brick building features 16 units and a total area of 7,200 square feet per floor. The property includes 37 parking spaces. It is centrally located in Panama City, Florida, off Hutchinson Blvd, less than a mile from 30A, and adjacent to Edgewater Crossings.

Key Highlights

  • Centrally located in Panama City, FL, off Hutchinson Blvd.
  • Less than a mile from 30A.
  • Adjacent to Edgewater Crossings.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Accounting Firm Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

900
Businesses Nearby

Demographics for 32407, FL

14,366
Population
12,163
Households
1.2
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
964
Density / Sq Mi
$79,052
Median Household Income
$44,027
Median Earnings
$1,792
Median Rent
$403,500
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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story, 16-unit apartment building in central Panama City, Florida.
Where is this apartment building located?
The property is located at 5 Miracle Strip Loop Panama City Beach, FL.
What are key features of this property?
This property features: Centrally located in Panama City, FL, off Hutchinson Blvd.; Less than a mile from 30A.; Adjacent to Edgewater Crossings.
More about this property
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