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2810 W 15th Street Panama City, FL 32401

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For Sale
$425,000

Four rental units in Panama City's Historic St. Andrews.

Type:Commercial
Property size:
2,384 SF
Lot size:
0.42 Acres
Price / SF:
$178/SF
Added:
Nov 21, 2025
Days on Market:
158
Last Refresh:
Apr 5 at 9:17 pm

Property Features for 2810 W 15th Street

General Information

Standard status
Active
Size
2,384 SF
Lot size
0.42 Acres
Property subtype
Commercial

Building Details

Year Built
1940

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Listing Contact
FRANK TRENHOLM

Listing agent FRANK TRENHOLM

Listing office COLDWELL BANKER REALTY

Listing date Nov 21, 2025

Source Corcoran

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 COLDWELL BANKER REALTY


Overview

Historic St. Andrews Investment Opportunity

Located in the Historic St. Andrews area of Panama City, FL, this property presents an investment opportunity. Situated on HWY 98, the property features four rental units. These include a 3-bedroom, 2-bath home; two studio apartments; and a cottage with 1 bedroom and 1 bath. In total, there are 6 bedrooms and 5 baths. The rentals generate approximately $57,000 in annual income, with total expenses of $27,000 per year. The main unit generates $1,500 per month, while Unit 2 generates $1,200 per month. Units 3 and 4 generate $450 per week. The water bill is $500 per month for all four units, and the electric bill ranges from $300 to $400 per month for all four units. Solar panels cost $800 per month. The property is 2384 square feet. As Historic St. Andrews grows, the property is positioned for appreciation while providing rental income.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Panama City
County
Walton
State
Florida
Longitude
-85.7003
Latitude
30.1757

FAQs

What type of property is this?
Multifamily property - Four rental units in Panama City's Historic St. Andrews.
Where is this multifamily property located?
The property is located at 2810 W 15th Street Panama City, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Prime investment opportunity in Historic St. Andrews, Panama City, FL.; Located on HWY 98, the busiest road in the county.; Features **4 rental units**: a 3‑bedroom, 2‑bath home; two studio apartments; and a 1‑bedroom, 1‑bath cottage (6 bedrooms, 5 baths total).
More about this property
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