230 6th St Panama City, FL 32401-2644
This exceptional 4,650-square-foot special purpose property at 230 W 6th Street presents a unique opportunity in a prime downtown location. The building features a desirable open floor plan, ideal for a wide range of uses, from service businesses to professional offices. Its adaptability is further enhanced by a large roll-up front door and separate glass entry doors, providing convenient access and versatile functionality. The current asking price reflects the property's 4,000+ square footage and existing condition. The seller demonstrates flexibility in terms and is open to negotiating build-out contributions, potentially offering substantial rent credits to offset future rent increases. This arrangement allows for a long-term, low-rent rate, enabling tenants to customize the space to their specific needs. The seller is willing to collaborate on build-out plans, making this an attractive option for businesses seeking a cost-effective solution. Note that automotive repair businesses are not permitted. This property offers a rare chance to secure a significant amount of space at a competitive rate in a highly desirable downtown area. The property is offered as-is. The APN is 20088-000-000. The property is a single-tenant building with no suites.
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Smooth Engines Auto Parts Store
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
PC10 · 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.