1522 Chestnut Ave Panama City, FL 32405-2576
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.
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Thrifty Nickel Newspaper & Magazine Publishing House
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Thrifty Nickel of PCB, LLC Marketing & Advertising Advertising Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.