5022 Highway 22 Callaway, FL 32404
This exceptional Panama City retail property, located at 5022 Hwy 22, offers 3,420 square feet of space in a single-story building constructed in 1965. Situated on a generous 21,780 square foot lot, the property boasts a high-traffic location with significant visibility due to large exterior signage. Currently operating as a furniture store, the building features multiple key assets including three entrances, four bathrooms, a dedicated office area, and ample parking at the rear, which presents potential for enhanced security or privacy with fencing. The property includes two mini-split HVAC systems installed less than 14 months ago, along with an older, functional HVAC system. The roof was replaced after Hurricane Michael. The asking price is $720,000. This property is being offered with the existing business and inventory, or the real estate can be purchased separately. While the building functions well in its current state, some renovations may be desired by future owners. Interested parties are encouraged to contact for further details; please refrain from contacting on-site employees.
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
CLWY04 · 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.