114 Highway 22 A Panama City, FL 32404
- Apartment buildings
- 13,768 SF
Current Use by Public Records
- Apartment buildings
Property Details for 114 Highway 22 A
- Year built
- 1984
- Property size
- 13,768 SF
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional 14-unit apartment complex, located at 114 S Highway 22 A in Panama City, Florida (zip code 32404), presents a lucrative investment opportunity. The property boasts a total of 13,768 square feet situated on a generous 28,314 square foot lot. Constructed in 1984, the complex comprises four separate buildings, each featuring two-bedroom, one-and-a-half-bathroom units. Unit sizes range from 750 to 950 square feet. Larger units (950 sq ft) include in-unit laundry, while smaller units (750 sq ft) offer laundry hookups in attached storage. Many units have undergone renovations and roof repairs following Hurricane Michael, ensuring excellent condition. Currently operating at 100% occupancy, this complex offers immediate cash flow. Its prime location in the heart of Panama City, near shopping, dining, and Tyndall Air Force Base, guarantees strong tenant demand and long-term stability. The asking price for this fully operational apartment business is $2,200,000. This is a rare chance to acquire a well-maintained, high-performing multifamily property in a desirable Florida location.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.5998
- Latitude
- 30.1449
