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Property summary
This exceptional three-story office building, constructed in 2004, is situated on a substantial 47,916 sq ft lot at 16901 Panama City Beach Parkway, Panama City Beach, FL 32413. The asking price is $4,950,000. The main building boasts over 4,000 sq ft per floor, totaling approximately 12,000 sq ft. The ground floor, previously a bank, is readily adaptable for quick re-occupancy (estimated 30-45 days). The second and third floors are currently occupied by long-term tenants, providing immediate income potential. An additional adjacent lot (33478-010-000), included in the sale, offers ample parking and the potential to construct an additional approximately 3,000 sq ft building, further enhancing income generation. This premier location benefits from its strategic positioning between Highway 79 and Pier Park, close proximity to City Hall, and within minutes of the new hospital on Highway 79. Attractive owner financing options are available with acceptable terms. This presents a unique opportunity to acquire a well-situated, income-producing property with significant expansion potential in a thriving coastal market.
Property profile
VerifiedCap rate & NOI
Current use
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Music Venue
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Music Venue
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Real Estate Agency
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Music Venue Bar & Pub
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Law Firm
Location
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 Beach 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
PCB03 · Panama City Beach, FLZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PCB03 in Panama City Beach, FL.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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