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    2211 Us-231 Panama City, FL 32405

    Sponsored
    For Sale
    $225,000

    Established Smoke Shop, High-Demand Market

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    Discover a thriving, well-established smoke shop for sale in Panama City, Florida, at an asking price of $225,000. This turnkey business boasts a diverse product selection, including premium glassware, vaporizers, hookahs, CBD products, and tobacco accessories, catering to a loyal customer base. Its prime location ensures excellent visibility and consistent foot traffic, contributing to its strong reputation and profitability. The business operates under a triple-net (NNN) lease agreement with a monthly rent of $1,800, and the current landlord is willing to continue the lease with the new owner. Recently renovated in 2024, the shop offers a welcoming atmosphere, enhanced by knowledgeable and friendly staff. The owner is selling due to personal circumstances, making this an exceptional opportunity for an investor or entrepreneur seeking a profitable venture in a high-demand market. The business is a single-tenancy operation and represents an owner/user investment opportunity. This established smoke shop presents a solid foundation for continued growth and sustained profitability, making it an attractive acquisition for those seeking a turnkey business with significant upside potential. The business is located at 2211 US-231, Panama City, FL 32405.

    Property Features for 2211 Us-231

    General Information

    Property type
    Investment properties

    Building Details

    Year Renovated
    2024

    HighLights

    • $225,000 asking price for a profitable, established smoke shop.
    • Panama City, FL location on US‑231, in Bay County, zip code 32405.
    • Business‑only sale, owner/user investment opportunity with a NNN lease.
    • Single‑tenant occupancy, renovated in 2024.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.634354208059
    Latitude
    30.194160503574

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    FAQs

    What type of property is this?
    Investment property - Established Smoke Shop, High-Demand Market
    Where is this investment property located?
    The property is located at 2211 Us-231 Panama City, FL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: $225,000 asking price for a profitable, established smoke shop.; Panama City, FL location on US-231, in Bay County, zip code 32405.; Business-only sale, owner/user investment opportunity with a NNN lease.
    (850) 384-3837
    Request Owner's contact information
    2211 Us-231 Panama City, FL 32405
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    Panama City, FL 32405
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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
    2211 Us-231 Panama City, FL 32405
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