Neighborhood Shopping
615 N Highway 231 Panama Panama City, FL 32405
615 N Highway 231 Panama, Panama City, FL, 32405
$6,493,000
For Sale
$6,493,000
Neighborhood shopping center totaling about 54,027 square feet on roughly 5.18 acres, with multiple highway access points.
Property Size54,027 SF
Lot Size5.18 Acres
Price / SF$120.18
Days on Market51
Property Features for 615 N Highway 231 Panama
General Information
- Standard status
- Active
- Size
- 54,027 SF
- Lot size
- 5.18 Acres
- Property subtype
- Commercial Shopping Center
Building Details
- Year Built
- 1977
Listing agency
NAI TALCOR
(850) 814-4490
Listed by
Brent Faison · License #3027940
(850) 814-4490
Source
Naitalcor
Added: Jun 2 Updated: Jul 22 at 5:46PM Checked: Jul 22 at 5:46PM
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 NAI TALCOR
Investment Insights
Based on property information with market context.
This neighborhood shopping center offers approximately 54,027 square feet of retail space on about 5.18 acres. The property is 83.13% occupied, with approximately 9,114 square feet of office vacancy that may present lease-up opportunity. Recent building improvements include a new roof and HVAC installed in 2019.
Access is available from major arteries including Hwy 231 and Hwy 77, plus a separate lighted intersection at 19th St. Parking is provided at a 4.37:1,000 ratio, and the financials and rent roll are available upon request.
The property is being offered for sale and includes multiple ingress and egress points designed to support convenient customer access from surrounding roadways.
Access is available from major arteries including Hwy 231 and Hwy 77, plus a separate lighted intersection at 19th St. Parking is provided at a 4.37:1,000 ratio, and the financials and rent roll are available upon request.
The property is being offered for sale and includes multiple ingress and egress points designed to support convenient customer access from surrounding roadways.
Key Highlights
- +/-54,027 SF neighborhood shopping center on +/-5.18 acres (Year built: 1977)
- 83.13% occupied with stable in‑place income; +/-9,114 SF office vacancy with lease‑up upside
- Multiple access points along major arteries: Hwy 231, Hwy 77, and a separate lighted intersection at 19th St
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - Neighborhood shopping center totaling about 54,027 square feet on roughly 5.18 acres, with multiple highway access points.
Where is this shopping center located?
The property is located at 615 N Highway 231 Panama Panama City, FL.
What is the asking price?
The asking price for this property is $6,493,000.
What are key features of this property?
This property features: +/-54,027 SF neighborhood shopping center on +/-5.18 acres (Year built: 1977); 83.13% occupied with stable in‑place income; +/-9,114 SF office vacancy with lease‑up upside; Multiple access points along major arteries: Hwy 231, Hwy 77, and a separate lighted intersection at 19th St
