2420 Jenks Ave Panama City, FL 32405
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22,000 SF Multi-Use Office Building
Property size:
22,000 SFProperty Features for 2420 Jenks Ave
General Information
- Property type
- Medical offices
- Square Feet
- 22,000 SF
- Class
- B
Building Details
- Year Built
- 1999
Listing Agency: NAI TALCOR Listing Agent: Brent Faison
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fully leased, multi-use professional center totaling 22,000 square feet, strategically located in Panama City, Florida, at 2420 Jenks Ave, 32405. The property, classified as a Class B office building, boasts a desirable location near the intersection of 23rd Street and Jenks Avenue, ensuring high visibility and accessibility. Constructed in 1999, the complex comprises three buildings: two 8,000 square foot structures and one 6,000 square foot building, catering to diverse professional needs, including executive, medical, and traditional office spaces. The property is currently 100% leased, generating a strong 7.45% capitalization rate. Recent improvements include new roofs installed in 2022, enhancing the long-term value and minimizing future maintenance costs. The asking price is $4,000,000, translating to $181.82 per square foot. Bay County Parcel IDs 13016-122-000 and 13016-122-070 further identify this attractive investment. Owner financing is available, making this a compelling proposition for discerning investors seeking a stable, high-yield asset in a thriving Florida market. This turnkey operation requires minimal management, offering immediate cash flow and significant potential for future appreciation.
Property Profile
Location Intelligence
Current Use by Public Records
Bay Family Medicine
Medical Clinic
Future Medical Associates
Medical Clinic
Dr. Brian J. ...
Pediatrician
Abdelwahab Abdellatif MD
Physician
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.6620501
- Latitude
- 30.1915144
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FAQs
What type of property is this?
Medical office - 22,000 SF Multi-Use Office Building
Where is this medical office located?
The property is located at 2420 Jenks Ave Panama City, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: +/- 22,000 SF total building area on two Bay County parcels (13016-122-000 & 13016-122-070).; 100% Leased.; Three buildings totaling 22,000 SF (two 8,000 SF buildings and one 6,000 SF building).
