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Property profile & analytics
OFF-MARKET
Office Spaces

1522 Chestnut Ave Panama City, FL 32405-2576

1,988 SF 0.21 ac lot Built 1947
Entity Owned ~ Est. High Equity
Property ID
US18-3306903
Property summary
AI-generated overview

This exceptional commercial property, located at 1522 Chestnut Avenue in Panama City, Florida, 32405, presents a unique investment opportunity. Built in 1947, this office building sits on a substantial 9,147.6 square foot lot and is offered at $449,000. The property boasts convenient front parking for clients and rear parking for staff, ensuring easy access for all. The interior features well-appointed office space, a dedicated meeting room, and private restrooms, creating a professional and comfortable work environment. Its prime location near Historic St. Andrews Bay offers stunning views and proximity to a variety of amenities. Enjoy nearby restaurants overlooking the bay and docks, perfect for business lunches or client meetings. For leisure, Oaks by the Bay is within easy reach, and the pet-friendly Hotel Indigo is just a short 7-minute drive. Currently configured as an office, this versatile building presents significant potential for a range of business ventures. This is a rare chance to establish or expand your business in a highly desirable location. The property's size and features make it an ideal choice for businesses seeking a prominent presence in this vibrant area. The building's location near the bay provides a picturesque setting for both work and relaxation.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1947
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,988 SF
Lot 0.21 ac (9,240 SF)
APN 29507-000-000
UPID US18-3306903
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Thrifty Nickel Newspaper & Magazine Publishing House
  • Thrifty Nickel of PCB, LLC Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lr Infrastructure Evaluation LLC
Lr Infrastructure Evaluation LLC
since 2025
Last sale
$337,000
4 recorded transactions
2025
$337,000
2019
$200,000
2013
Price N/A
2002
$63,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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