2805 12th St Panama City, FL 32401-1422
This unique 7,900 square foot flex space, located at 2805 W 12th Street in Panama City, Florida, presents a compelling investment opportunity. Built in 1953, this Art-Deco inspired building boasts a brick and block construction, featuring a convenient parcel-height door and open workspace ideal for a variety of uses. Situated on a 0.25-acre lot, the property enjoys a prime location just one block from Beck Avenue and a short walk to the St. Andrews waterfront. Its proximity to Little Village, ample public parking, and the vibrant St. Andrews restaurant scene makes it perfect for retail, showrooms, event spaces, entertainment venues, or live-work arrangements. The building's design and location offer significant potential, further enhanced by the availability of grants and property improvement opportunities through the Historic St. Andrews Waterfront Partnership. The asking price is $499,000. This property is zoned for industrial, land, and special purpose uses. The property's address is 2805 W 12th St, Panama City, FL 32401. This is a rare opportunity to acquire a distinctive property in a thriving waterfront community.
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.