1148 Jenks Ave Panama City, FL 32401
Property summary
This exceptional commercial office building, situated at 1148 Jenks Avenue in Panama City, Florida, presents a compelling investment opportunity. The 1,868 square foot property, built in 1940, sits on a 6,969.6 square foot lot and is zoned for commercial use. Currently generating income from established tenants, this building offers six offices and two bathrooms, providing a consistent revenue stream. The property boasts ample on-site parking, convenient access to major roads and downtown Panama City, and attractive curb appeal. Its spacious layout is adaptable to various professional uses. The central location within Panama City's business district ensures high tenant demand, while the city's continued growth suggests strong potential for future appreciation. This turnkey investment is ideal for those seeking a hassle-free, income-generating addition to their portfolio. The asking price is $400,000. The property's strong tenant base and prime location make it a highly desirable asset in a thriving market. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a rapidly developing area of Panama City.
Property profile
VerifiedCap rate & NOI
Current use
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Real Estate Agency
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Foster Care Service Social Service Agency
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Panama City market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PC06 · Panama City, FLZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for PC06 in Panama City, FL.
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Find the owner behind the property.
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