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    340 Tyndall Pkwy Panama City, FL 32404

    For Sale
    $350,000

    Prime R&D/Manufacturing Space

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 59,739-square-foot industrial property, situated on 1.56 acres at 900 W Indiana St, Evansville, offers a unique blend of research and development, manufacturing, and flexible workspace. Built in 1928 and extensively renovated in 2015, the single-story building boasts 18-foot ceilings, 80 parking spaces, and one drive-in bay. Currently, 19,957 square feet is vacant, presenting an excellent opportunity for expansion. The property features a fully equipped Class A office space, including a structured observation room with one-way glass, multiple conference rooms, and a state-of-the-art training room. The building is secured with a badge swipe system, camera surveillance, and interior door lock-down capabilities. Test labs are equipped with 480-volt, 3-phase power throughout, along with bus duct (12,500-volt, 480/277). A 24-inch water supply is also available. Conveniently located near the Lloyd Expressway and First Avenue, this M-2 zoned property in Vanderburgh County offers significant potential for a variety of industrial uses. An additional 16,800-square-foot maintenance facility across the street is also available. CAD drawings are available upon request.

    Property Features for 340 Tyndall Pkwy

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1990
    Stories
    1

    HighLights

    • 59,739 SF industrial building on 1.56 acres in Evansville, Indiana.
    • Single‑tenant occupancy with 19,957 SF currently vacant.
    • Features 18' ceilings, 80 parking spaces, and one drive‑in door.
    • Located at 900 W Indiana St, near the Lloyd Expressway and First Avenue.
    • Zoned M‑2, Vanderburgh County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grease Monkey Oil Change Service

    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
    -85.590813
    Latitude
    30.1542639

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    FAQs

    What type of property is this?
    Specialty property - Prime R&D/Manufacturing Space
    Where is this specialty property located?
    The property is located at 340 Tyndall Pkwy Panama City, FL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 59,739 SF industrial building on 1.56 acres in Evansville, Indiana.; Single-tenant occupancy with 19,957 SF currently vacant.; Features 18' ceilings, 80 parking spaces, and one drive-in door.
    Request Owner's contact information
    340 Tyndall Pkwy 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
    340 Tyndall Pkwy Panama City, FL 32404
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