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    5022 Highway 22 Panama City, FL 32404

    For Sale
    $720,000

    High-traffic retail building, 3,420 sq ft

    Property size:
    3,420 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional Panama City retail property, located at 5022 Hwy 22, offers 3,420 square feet of space in a single-story building constructed in 1965. Situated on a generous 21,780 square foot lot, the property boasts a high-traffic location with significant visibility due to large exterior signage. Currently operating as a furniture store, the building features multiple key assets including three entrances, four bathrooms, a dedicated office area, and ample parking at the rear, which presents potential for enhanced security or privacy with fencing. The property includes two mini-split HVAC systems installed less than 14 months ago, along with an older, functional HVAC system. The roof was replaced after Hurricane Michael. The asking price is $720,000. This property is being offered with the existing business and inventory, or the real estate can be purchased separately. While the building functions well in its current state, some renovations may be desired by future owners. Interested parties are encouraged to contact for further details; please refrain from contacting on-site employees.

    Property Features for 5022 Highway 22

    General Information

    Property type
    Retail properties
    Square Feet
    3,420 SF

    Building Details

    Year Built
    1965
    Stories
    1

    HighLights

    • Asking price: $720,000
    • 3,420 square foot retail building
    • Located at 5022 Hwy 22, Panama City, FL 32404
    • Built in 1965, single‑story building on a 21,780 square foot lot
    • Features include: large parking area, three entrances, four bathrooms, office area, and two mini‑split HVAC systems (less than 14 months old). New roof installed post‑Hurricane Michael.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.5984807
    Latitude
    30.1526388

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail building, 3,420 sq ft
    Where is this retail property located?
    The property is located at 5022 Highway 22 Panama City, FL.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: Asking price: $720,000; 3,420 square foot retail building; Located at 5022 Hwy 22, Panama City, FL 32404
    Request Owner's contact information
    5022 Highway 22 Panama City, FL 32404
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    5022 Highway 22
    Panama City, FL 32404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5022 Highway 22 Panama City, FL 32404
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