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    16901 Panama City Beach Pkwy Panama City Beach, FL 32413

    For Sale
    $4,950,000

    Prime Location, Owner Financing Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional three-story office building, constructed in 2004, is situated on a substantial 47,916 sq ft lot at 16901 Panama City Beach Parkway, Panama City Beach, FL 32413. The asking price is $4,950,000. The main building boasts over 4,000 sq ft per floor, totaling approximately 12,000 sq ft. The ground floor, previously a bank, is readily adaptable for quick re-occupancy (estimated 30-45 days). The second and third floors are currently occupied by long-term tenants, providing immediate income potential. An additional adjacent lot (33478-010-000), included in the sale, offers ample parking and the potential to construct an additional approximately 3,000 sq ft building, further enhancing income generation. This premier location benefits from its strategic positioning between Highway 79 and Pier Park, close proximity to City Hall, and within minutes of the new hospital on Highway 79. Attractive owner financing options are available with acceptable terms. This presents a unique opportunity to acquire a well-situated, income-producing property with significant expansion potential in a thriving coastal market.

    Property Features for 16901 Panama City Beach Pkwy

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    2004

    HighLights

    • Exceptional three‑story, 12,000 sq ft office building on a 47,916 sq ft lot in Panama City Beach, FL. Asking price: $4,950,000.
    • Ground floor (former bank) is easily adaptable for new tenants (30‑45 day turnaround).
    • Second and third floors have long‑term tenants, providing immediate cash flow.
    • Includes adjacent lot (33478‑010‑000) with ample parking, allowing for a potential 3,000 sq ft building addition.
    • Prime location between Highway 79 and Pier Park, near City Hall and a new hospital.
    • Owner financing options available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.8854394
    Latitude
    30.2287775

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Location, Owner Financing Available
    Where is this office property / space located?
    The property is located at 16901 Panama City Beach Pkwy Panama City Beach, FL.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: Exceptional three-story, 12,000 sq ft office building on a 47,916 sq ft lot in Panama City Beach, FL. Asking price: $4,950,000.; Ground floor (former bank) is easily adaptable for new tenants (30-45 day turnaround).; Second and third floors have long-term tenants, providing immediate cash flow.
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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
    16901 Panama City Beach Pkwy Panama City Beach, FL 32413
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