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2532 Joan Ave Panama City, FL 32408

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For Sale
$2,500,000

9,000 SF flex industrial complex with vertical expansion potential.

Property size:
9,000 SF
Lot size:
1.00 Acre

Property Features for 2532 Joan Ave

General Information

Standard status
Active
Size
9,000 SF
Lot size
1.00 Acre

Building Details

Year built
2022

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Listing Contact
Trena Kendrick
Source: Corcoran

Listing Agency: CENTURY 21 RYAN REALTY INC Listing Agent: Trena Kendrick

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

High-Spec Flex Industrial Complex

This 9,000 SF commercial complex, built in 2022, is situated on a 0.998-acre lot on Joan Avenue. The property features 100 feet of street frontage and a 435-foot lot depth. Constructed to withstand 140 MPH winds, the facility has a 100-foot height allowance, allowing for future vertical expansion. The building is configured as a 6-unit investment opportunity, optimized for flex use. The layout includes two executive offices, a conference room, and a public bathroom in the first section. The property can be easily converted into a 6-unit complex with the addition of two walls and four bathrooms. Plumbing stubs are already in place for the remaining bathrooms. Loading is facilitated by six 12 x 14 grade-level roll-up doors, and the property is designed to accommodate a 53-foot trailer. The facility has an 8% office to 92% warehouse space ratio, with interior clear heights ranging from 13'7'' to 16'11''. It is equipped with a 6-gang electrical meter bank and 600 Amp single-phase power, providing dedicated service points for each unit. The front office has 200 amp service. Located in Unincorporated Bay County, the property benefits from lower property tax rates. Standard county setbacks apply, offering buildable flexibility. The finished floor elevation is set at 12.75', providing 1 foot 9 inches of clearance above the base flood elevation of 11.0'.
Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Corams On The Road, Liza's Kitchen

Location Insight

  • Map
  • Local Demand
City
Panama City
County
Walton
State
Florida
Longitude
-85.756
Latitude
30.1593

FAQs

What type of property is this?
Flex space - 9,000 SF flex industrial complex with vertical expansion potential.
Where is this flex space located?
The property is located at 2532 Joan Ave Panama City, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: - High-growth location in a prime commercial corridor, neighboring property sale at $15.4M.; - Significant vertical expansion potential with a rare 100-foot height allowance.; - Turnkey 6-unit investment configuration with a low-cost path to completion (estimated $10,000-$12,000 investment).
More about this property
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