4001 23Rd StPanama City, FL 32405

Property Details for 4001 23Rd St

Year built

2009

Construction

STEEL FRAME

Lot size

2.78 AC

Property size (Sq ft)

29,826 SF

Zone code

PC09

Property type

Office properties

Property subtype

Other office properties

APN

27999-040-000

APU

27999040000

Description

This exceptional 6,250 square foot office space is available for lease within the Comcast Building, located at 4001 W 23rd St, Panama City, FL 32405. Situated on a 2.8-acre lot, this single-story, 29,826 square foot building offers a versatile space ideal for various office uses, including executive, creative, traditional, medical, or coworking. Built in 2009 and recently renovated in 2024, the property boasts a 10-foot ceiling height and is equipped with single-phase 400-amp power. The space is divisible for long-term tenants with strong credit, and the landlord is willing to subdivide to accommodate specific needs. The building features prominent signage opportunities, including top placement on the monument sign. This location is zoned General Commercial (GC-1 Panama City), offering flexibility for a range of businesses. While there are four suites in total, this particular 6,250 square foot space is currently vacant and located at the south end of the building. The property is conveniently located near Drummond Avenue in the Panama City submarket of Bay County. Please allow at least 24 hours' notice for showings. As-built floor plans are available upon request. The previous tenant, Comcast/Xfinity, has vacated the premises.

• CAP approach

  CAP return

  Valuation

  6%

  $5,456,996

  6.5%

  $5,037,226

  7%

  $4,677,425

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,120,330

  Geo Method

  $2,120,330

• Alternative Use

  Use

  Valuation

  Residential

  $6,246,161

  Hospitality

  $5,721,450

  Educational

  $4,760,179

  Medical

  $4,923,889

  Retail

  $7,404,723

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.1889

Longitude

-85.7106

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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