221 23rd St, Panama City, FL 32405-7612
This exceptional 2,720-square-foot medical office suite, located at 221 E 23rd Street, presents a unique investment opportunity. Built in 1980, the single-tenant property boasts a highly desirable location offering excellent visibility and signage. Its strategic placement ensures easy access and proximity to a variety of commercial businesses, including numerous national retailers. The suite's convenient location is further enhanced by its close proximity to both Ascension Sacred Heart Bay and HCA Florida Gulf Coast Hospitals, making it an ideal setting for medical professionals seeking a thriving patient base. The interior layout is well-designed and functional, featuring a spacious lobby/waiting area complete with a check-in window. Nine exam rooms/office spaces provide ample room for patient consultations and administrative tasks. Three executive offices offer private space for administrative staff or specialists. A convenient kitchen/breakroom and two restrooms add to the overall functionality and comfort of the space. The property's APN is 12976-013-000. This turnkey medical office suite is ready for immediate occupancy and represents a compelling opportunity for medical practices seeking a well-appointed and strategically located space. The property is currently vacant.
-
Seaside Spine Alternative Medicine Practice
-
ARACELIA BERNIER, M.D. Physician
-
Dr. Timothy G. Moriarty, MD Physician
-
laser spine surgery Physician
-
Pizza Hut Take-out & Catering
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
PC09 · Panama City, FLPanama City. Always verify with local authorities before improvements.
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.