16901 Panama City Beach Pkwy Panama City Beach, FL 32413
- Banks
- 12,916 SF
- 0.61 lot acres
Current Use by Public Records
- Banks
Property Details for 16901 Panama City Beach Pkwy
- Year built
- 2004
- Construction
- WOOD
- Lot size
- 0.61 lot acres
- Property size
- 12,916 SF
- Zone code
- PCB03
- Property type
- Banks
- APN
- 33478-050-000
- APU
- 33478050000
Description
This exceptional three-story office building, constructed in 2004, is situated on a substantial 47,916 sq ft lot at 16901 Panama City Beach Parkway, Panama City Beach, FL 32413. The asking price is $4,950,000. The main building boasts over 4,000 sq ft per floor, totaling approximately 12,000 sq ft. The ground floor, previously a bank, is readily adaptable for quick re-occupancy (estimated 30-45 days). The second and third floors are currently occupied by long-term tenants, providing immediate income potential. An additional adjacent lot (33478-010-000), included in the sale, offers ample parking and the potential to construct an additional approximately 3,000 sq ft building, further enhancing income generation. This premier location benefits from its strategic positioning between Highway 79 and Pier Park, close proximity to City Hall, and within minutes of the new hospital on Highway 79. Attractive owner financing options are available with acceptable terms. This presents a unique opportunity to acquire a well-situated, income-producing property with significant expansion potential in a thriving coastal market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Longitude
- -85.8854
- Latitude
- 30.2287
- CBSA code
- 37460
- CBSA name
- PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
