2420 Jenks Ave Panama City, FL 32405
- Office Properties & Spaces
- 22,000 SF
Current Use by Public Records
- Bay Family Medicine / Medical Clinic / Family Practice Physician
- Future Medical Associates / Medical Clinic / Endocrinologist
- Dr. Brian J. Shaheen, MD / Family Practice Physician
- Abdelwahab Abdellatif MD / Doctor
Property Details for 2420 Jenks Ave
- Year built
- 1999
- Property size
- 22,000 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a fully leased, multi-use professional center totaling 22,000 square feet, strategically located in Panama City, Florida, at 2420 Jenks Ave, 32405. The property, classified as a Class B office building, boasts a desirable location near the intersection of 23rd Street and Jenks Avenue, ensuring high visibility and accessibility. Constructed in 1999, the complex comprises three buildings: two 8,000 square foot structures and one 6,000 square foot building, catering to diverse professional needs, including executive, medical, and traditional office spaces. The property is currently 100% leased, generating a strong 7.45% capitalization rate. Recent improvements include new roofs installed in 2022, enhancing the long-term value and minimizing future maintenance costs. The asking price is $4,000,000, translating to $181.82 per square foot. Bay County Parcel IDs 13016-122-000 and 13016-122-070 further identify this attractive investment. Owner financing is available, making this a compelling proposition for discerning investors seeking a stable, high-yield asset in a thriving Florida market. This turnkey operation requires minimal management, offering immediate cash flow and significant potential for future appreciation.
Value Estimations
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AI approach
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CAP approach
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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
- -85.662
- Latitude
- 30.1915
