1137 17Th St Panama City, FL 32405
This exceptional investment opportunity presents a 640-square-foot warehouse situated on a substantial 0.5-acre lot (21,780 square feet) in Panama City, Florida. Located at 1137 E 17th Street, zip code 32405, this property is zoned for light industrial use, offering significant potential for various business ventures. The single-story building, constructed in 1989 with significant renovations resulting in an effective build year of 1999, has been stripped to the studs, providing a blank canvas for customization. Features include newer windows and a newer roof, minimizing upfront renovation costs. The property boasts a fenced perimeter and a partially cleared lot, enhancing its functionality and appeal. The asking price for this remarkable property is $299,900. This is an ideal opportunity for entrepreneurs seeking a versatile space in a prime Panama City location. The property's size and zoning provide ample room for expansion or adaptation to suit specific business needs. Its strategic location within Bay County, Florida, offers easy access to transportation routes and local amenities. Don't miss this chance to acquire a well-positioned industrial property with significant upside potential.
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Xpress Remodeling & Construction Llc General Contractor
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.