703 15Th St Panama City, FL 32401
- Office Properties & Spaces
- 30,000 SF
Current Use by Public Records
- Early Learning Coalition of Northwest Florida / Learning Center
- Noble Protocol / Environmental Consultant
Property Details for 703 15Th St
- Property size
- 30,000 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 30,000 square foot executive office building in Panama City, Florida, presents a unique investment opportunity. Located at 703 15th Street, this high-traffic corner property boasts a prime location at a major intersection with a traffic signal, providing excellent visibility and accessibility. Currently occupied by a tenant with a lease extending until April 2026, generating approximately $15,000 in monthly rental income, this acquisition offers immediate cash flow. The State of Florida will remove the existing building within 60 days of lease expiration, transforming the property into a clean pad site ready for redevelopment. This strategic location offers convenient access from Highway 98 and Florida Place, making it ideal for a variety of commercial ventures. The asking price for this exceptional property is $1,499,999. The property's address is 703 15th Street, Panama City, Florida, 32401. This presents a rare chance to acquire a substantial parcel in a high-demand area with significant future potential. The property's size and location make it an attractive prospect for developers seeking a prime location in Bay County. The existing lease provides a secure income stream during the transition period. This is a compelling opportunity to capitalize on the strong commercial real estate market in Panama City.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.6698
- Latitude
- 30.1746
