Property profile

2742 Highway 390 Panama City, FL 32405

OFF-MARKET
Specialty properties
Property ID
US19-0457590
3,067 SF Built 1990
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Property summary

AI-generated overview

This exceptional commercial property, located at 2742 E Highway 390 in Panama City, Florida, offers 3,067 square feet of space on a 1.136-acre lot (49,658.4 sq ft). Boasting 136 feet of highway frontage, it enjoys high visibility and ample parking. The building, constructed in 1990, features four spacious rooms and three full bathrooms, catering to diverse business needs. A well-equipped kitchen includes a double oven, U-shaped island, and ample cabinetry. A fireplace in the large living area adds a welcoming touch. An attached three-car garage provides additional storage. Utilities include a private well and septic tank, with a owned water softener and public sewer available. The property benefits from a durable metal roof and a recently installed AC unit, ensuring year-round comfort. An alarm system enhances security. Zoned C1-Neighborhood Commercial, this property is situated in a high-traffic area with an AADT of 15,500 vehicles (2020 data) and is located in the desirable X flood zone. Asking price is $799,900. This presents a significant investment opportunity for businesses seeking high visibility and accessibility in a growing area.

Property profile

Verified
Property type Specialty properties
Year built 1990
Total area 3,067 SF
UPID US19-0457590

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2742 Highway 390 Panama City, FL 32405
Panama City metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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