3712 3Rd St Panama City, FL 32401
- Individual retail properties
- 3,300 SF
- 0.11 lot acres
Current Use by Public Records
- Bay Printing Co / Commercial Printer
- Little's Lunches / Warehouse Store
- Gracie's Taste of love / Bakery
Property Details for 3712 3Rd St
- Year built
- 1942
- Construction
- STEEL FRAME
- Lot size
- 0.11 lot acres
- Property size
- 3,300 SF
- Property type
- Individual retail properties
- APN
- 23475-000-000
- APU
- 23475000000
Description
This exceptional 1750-square-foot office space in Panama City, Florida, presents a unique opportunity for businesses seeking a versatile and adaptable workspace. Located at 3712 E 3rd Street, zip code 32401, this single-tenant property offers a blank canvas for customization. The space features a prominent storefront area, perfect for retail or client interaction, leading into a spacious open room ideal for various office configurations. Two smaller offices are situated at the front of the open area, providing private workspaces. A third office is conveniently located near the well-equipped kitchen, which includes ample supplies. The property boasts French double doors providing an alternative entrance to the open room. The leased space is completely independent from the rear portion of the building, ensuring privacy and exclusive use. The property's APN is 23475-000-000. This is a fantastic opportunity to establish a thriving business in a desirable Panama City location. The lot size is not specified.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $440,000
- 6.5%
- $400,000
- 7%
- $370,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $395,000
- Geo Method
- $450,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $365,000
- Mixed-Use
- $365,000
- Hospitality
- $395,000
- Educational
- $435,000
- Residential Income
- $375,000
- Energy
- $400,000
- Income-Based Land
- $410,000
- Food Service
- $400,000
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.6114
- Latitude
- 30.1528
- CBSA code
- 37460
- CBSA name
- PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
