3416 Us Hwy Panama City, FL 32405

Property Details for 3416 Us Hwy

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional 7,000-square-foot single-tenant warehouse is ideally situated in Panama City, Florida, at 3416 W US Highway 98, offering unparalleled visibility on Highway 98 and Deer Avenue in St. Andrews. The property boasts approximately 1.4 acres of land, providing ample space and convenient access. The building features approximately 1,600 square feet of finished first-floor office space, complemented by an additional 800 square feet of mezzanine office and storage. Security is ensured with an 8-foot fence and roller gates. Parking is abundant with 32 spaces, offering a generous 4.6 spaces per 1,000 square feet. The warehouse itself offers excellent internal circulation, two grade-level roll-up doors (measuring 10'x10' and 14'x14'), and impressive ceiling heights of 14 feet at the eaves and 16 feet at the peak. The property's location is highly desirable, less than 1.3 miles from the Hathaway Bridge. The lease rate is $15.00 per square foot, NNN, with estimated net operating expenses of approximately $2.75 per square foot. The property's APN is 28988-000-000. This is a one-story building with a single suite. The zip code is 32405.