116 Tyndall Pkwy, Panama City, FL 32404-6721
- Strip malls
- 69,270 SF
- 6.80 lot acres
Current Use by Public Records
- Wells Fargo ATM / Atm
- Vayla's Nails & Massage / Nail Salon
Property Details for 116 Tyndall Pkwy
- Year built
- 1975
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 6.80 lot acres
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 24920-020-000
- APU
- 24920020000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 19, 2010 | $2,512,100 | Parker Center Investors LLC | 59 West Partners Ltd | Warranty Deed | $1.7M · Capital One |
| Oct 22, 1997 | $75,000 | Kay C Newton | 59 West Partners Limited | Grant Deed | — |
| — | — | Parker Center Investors LLC | — | Deed Of Trust · related | $14.3M · First Tn Bk |
Description
Parker Center, a 68,680 square foot retail building located in Bay County, presents a unique leasing opportunity. Built in 1975, this single-tenant property offers significant space for a variety of retail uses. The entire building is currently vacant, providing a blank canvas for a prospective tenant to customize the space to their exact specifications. With ample parking, accommodating 360 vehicles, customer accessibility is ensured. The property lacks elevators, a factor to consider in tenant planning and design. The substantial square footage, combined with the high parking ratio, makes this property ideal for a large-format retailer, a distribution center with showroom space, or a business requiring significant storage and display areas. The property's location in Bay County offers access to a substantial consumer base and presents a strong foundation for a successful retail operation. The building's age presents an opportunity for a complete renovation and modernization, allowing a tenant to create a truly unique and contemporary retail environment. Interested parties are encouraged to conduct their own due diligence regarding zoning regulations and permitted uses. This is a rare opportunity to secure a large, single-tenant retail space in a prime Bay County location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $14,525,000
- 6.5%
- $13,410,000
- 7%
- $12,450,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $9,277,000
Market price range: $2.37M - $17.0M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $10,125,000 Current use
- OFFICE BUILDING
- $13,100,000 Change: +29% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $8,190,000 Change: -19% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.5917
- Latitude
- 30.1445
- CBSA code
- 37460
- CBSA name
- PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
