17320 Pc Bch Pkwy Pkwy Panama City Beach, FL 32413
This exceptional 800-square-foot office condo in Panama City Beach, Florida, presents a unique investment opportunity. Located in Panama Plaza, a sought-after commercial condominium complex at 17320 PC Bch Parkway Parkway, zip code 32413, this second-floor unit (Unit 205) is ideally situated near the intersection of Highways 79 and 98, close to Pier Park. Built in 1985, this two-story building houses eighteen commercial condos. The unit is already thoughtfully divided into a large reception area and two private offices, each with its own key, offering flexibility for single occupancy or subletting. Additional features include a spacious storage room with shelving, a supply nook with drawers, and a private bathroom. The unit is in turnkey condition and has been well-maintained. The building benefits from a prominent lit sign for 24/7 business advertising. Panama Plaza is on US 98, a major business artery currently undergoing expansion to a six-lane highway with pedestrian and bike paths, ensuring high visibility and significant daily traffic. The area is experiencing rapid growth with new developments, including a medical campus and hospital, Dolly Parton's Pirates Voyage Dinner and Show (opening Spring 2025), and Topgolf (opening Spring 2025), creating a strong potential for increased business activity. The asking price is $164,900. The possibility of combining with adjacent units for expanded space exists.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.