You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR SALE
Manufacturing properties

2304 Grant Ave Panama City, FL 32405

15,080 SF 0.73 ac lot Built 1960
Individually Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-4683750
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,080 SF
Lot 0.73 ac (31,700 SF)
Zoning code BC05
APN 27023-070-000
UPID US18-4683750
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • UDT Inc Industrial Manufacturer
  • Anglen Robert Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$887k
Blend (final) Blend
$775k
Owner & transaction history
Troy Balsters · 21 yrs held
Troy Balsters
since 2004
5 recorded transactions
2019
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BC05 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message