2304 Grant Ave Panama City, FL 32405
For Sale
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This exceptional 15,000-square-foot warehouse, situated on a sizable 33,105.6-square-foot lot (approximately ¾ acre), presents a compelling investment opportunity in Panama City, Florida. Built in 1960, this single-story structure boasts a prime location with direct access to 23rd Street and convenient proximity to the Hathaway Bridge, providing easy access to Panama City Beach. The property includes a fully remodeled office space and kitchen, presenting a modern and functional workspace. Recent improvements, as stated by the seller, include a new shingle roof, a new air conditioning system in the front office, and a complete renovation of the kitchen and office areas. Electrical systems have also been updated. Further enhancing security, the property features new fencing. Adding to the property's versatility is a 40-foot paint booth located behind the main building, which is included in the sale. Note that the sale includes only the building and land; any machinery or equipment is sold separately. Potential buyers are encouraged to verify measurements if precision is critical. The asking price for this turnkey warehouse is $2,000,000. This property offers a blend of established infrastructure and recent upgrades, making it an attractive proposition for a variety of commercial uses. The address is 2304 Grant Avenue, Panama City, FL 32405.
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UDT Inc Industrial Manufacturer
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Anglen Robert Industrial Manufacturer
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
BC05 · 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.