Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2420 Jenks Ave Panama City, FL 32405

    For Sale
    $4,000,000

    22,000 SF Multi-Use Office Building

    Property size:
    22,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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 Features for 2420 Jenks Ave

    General Information

    Property type
    Medical offices
    Square Feet
    22,000 SF
    Class
    B

    Building Details

    Year Built
    1999

    HighLights

    • +/- 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).
    • New roofs installed in 2022.
    • Owner financing available.
    • 7.45% cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bay Family Medicine Medical Clinic Future Medical Associates Medical Clinic Dr. Brian J. ... Family Practice Physician Abdelwahab Abdellatif MD Doctor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6620501
    Latitude
    30.1915144

    Nearby Similar for Sale

    • $1,150,000
      Pending

      Unique Bayfront Property with Income

      Bayfront property featuring a main house and six rental units.
      6035 Bus, Panama City, FL 32404
      View Details
    • $528,000
      0.40 Acres

      Dual-Home Family Retreat Opportunity

      Dual-home property near Beach Drive, ideal for living and investment.
      1016 W 12Th St, Panama City, FL 32401
      View Details
    • $1,850,000
      0.25 Acres

      Waterfront Multi-Family Investment Opportunity

      Waterfront property with new construction and income potential in Panama City.
      401 Massalina Dr, Panama City, FL 32401
      View Details
    • $699,900
      2,204 SF

      Renovated Multi-Unit Rental Property

      Turnkey, fully furnished rental property with proven rental history.
      3820 Treasure Cir, Panama City, FL 32408
      View Details
    • $694,000
      2,269 SF

      Upgraded Duplex with Rental Potential

      Duplex with multiple possibilities: live, rent, or short-term rent.
      3707 Mystic St, Panama City, FL 32408
      View Details
    • $694,000
      0.13 Acres

      Adorable Duplex with Multiple Possibilities

      Upgraded duplex with short-term rental potential near lagoon access.
      3707 Mystic St, Panama City, FL 32408
      View Details

    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).
    Request Owner's contact information
    2420 Jenks Ave Panama City, FL 32405
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2420 Jenks Ave
    Panama City, FL 32405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2420 Jenks Ave Panama City, FL 32405
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.