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Banks
FL
Panama City Beach
32413
16901 Panama City Bch Pkwy

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FOR SALE

Banks

16901 Panama City Beach Pkwy, Panama City Beach, FL 32413

12,916 SF 0.61 ac lot Built 2004

Entity Owned 10-yr Hold ~ Est. High Equity

Property ID

US18-3770852

$4,950,000 12,916 SF

16901 Panama City Beach Pkwy, Panama City Beach, FL 32413
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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.