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    247 Highway 22 A Panama City, FL 32404

    Sponsored
    For Sale
    $410,000

    Spacious Office, High Traffic Area, $410,000

    Property size:
    2,768 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2,768 square foot office building in Panama City, Florida, presents a compelling investment opportunity. Located at 247 N Highway 22 A, this all-brick structure sits on a large double lot (nearly half an acre, 19,602 sq ft) in a high-traffic area with an estimated 8,099 vehicles passing daily, ensuring excellent visibility. Built in 1974, the building has undergone significant upgrades, including a new roof and HVAC system in 2019, and features a remote hurricane shutter over the front door. Modern conveniences include a commercial-grade Generac Guardian generator, a storage shed, and a tankless hot water heater. The interior boasts a welcoming lobby, a break room, one full bathroom, one half bathroom, and fourteen rooms, offering ample space for various configurations. Currently used as a veterinary hospital, the property's zoning allows for diverse business ventures. The expansive lot provides potential for expanding parking to accommodate a growing business. This turnkey property is priced at $410,000 and offers immediate occupancy. The property's location and features make it an ideal choice for a variety of businesses seeking a well-maintained, functional space in a high-visibility location.

    Property Features for 247 Highway 22 A

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,768 SF

    Building Details

    Year Built
    1974

    HighLights

    • $410,000 asking price for this 2,768 SF office building.
    • Located at 247 N Highway 22 A, Panama City, FL 32404, on a nearly half‑acre lot (19,602 sq ft).
    • Built in 1974, featuring a new roof and HVAC (2019), and a Generac generator.
    • Currently configured as a veterinary hospital with 14 rooms, a lobby, break room, and two bathrooms.
    • High visibility location with an estimated 8,099 vehicles per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    Callaway Animal Hospital Veterinarian

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.5998333
    Latitude
    30.1513921

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    FAQs

    What type of property is this?
    Office Property / Space - Spacious Office, High Traffic Area, $410,000
    Where is this office property / space located?
    The property is located at 247 Highway 22 A Panama City, FL.
    What is the asking price?
    The asking price for this property is $410,000.
    What are key features of this property?
    This property features: $410,000 asking price for this 2,768 SF office building.; Located at 247 N Highway 22 A, Panama City, FL 32404, on a nearly half-acre lot (19,602 sq ft).; Built in 1974, featuring a new roof and HVAC (2019), and a Generac generator.
    Request Owner's contact information
    247 Highway 22 A Panama City, FL 32404
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    247 Highway 22 A
    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
    247 Highway 22 A Panama City, FL 32404
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