416 Jenks Ave Panama City, FL 32401-2626
This exceptional 2,784 square foot commercial property, located at 416 Jenks Avenue in Panama City, Florida (zip code 32401), presents a unique investment opportunity. The building, constructed in 1982, sits on a 0.257-acre lot and is currently available as a single-tenant space with approximately 2,700 square feet vacant. Its versatile design, suitable for medical office, traditional office, retail, or restaurant use, offers significant flexibility for prospective tenants. The interior features non-load bearing walls, allowing for customizable layouts ranging from open floor plans to heavily demised spaces. The property benefits from convenient on-site parking, a significant advantage in the vibrant downtown area. Its prime location places it within easy walking distance of Hotel Indigo, various dining options, retail shops, art galleries, and numerous other businesses. This makes it an ideal location for businesses seeking high visibility and accessibility. A tenant improvement allowance of $22 per square foot is available, further enhancing the attractiveness of this property. The property's adaptability, combined with its desirable location and generous tenant improvement allowance, makes it an exceptional opportunity for a variety of commercial ventures.
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St Andrew Bay Land Co Real Estate Agency
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.