533 11Th St Panama City, FL 32401
- Commercial real estate
- 24,924 SF
- 2.70 lot acres
Current Use by Public Records
- Bay County Juvenile Courthouse / Courthouse
- Bay County Clerk of Court Domestic Violence Department / County Government Office
Property Details for 533 11Th St
- Year built
- 2003
- Lot size
- 2.70 lot acres
- Property size
- 24,924 SF
- Property type
- Commercial real estate
- APN
- 17622-000-000
Description
This Class A, 24,924-square-foot executive office building in Panama City, Florida, presents a unique investment opportunity. Built in 2003, the two-story structure boasts a timeless brick exterior and abundant natural light thanks to floor-to-ceiling glass panels. The property sits on a 2.7-acre lot and offers ample parking with 117 spaces, including 5 handicapped-accessible spots, providing a generous 4.68 spaces per 1,000 square feet. Currently vacant and in shell condition, this building offers a blank canvas for build-out and customization. All mechanical, electrical, and plumbing (MEP) systems are in place and operational. The property features a grand entry atrium, a second-floor elevator, and two rear roll-up doors, enhancing functionality and accessibility. Its strategic location provides easy access to downtown Panama City, Lynn Haven, Tyndall Air Force Base, and Panama City Beach, via major roadways including Highways 231, 98, and 77. The asking price is $2,900,000, translating to $116.35 per square foot. The property's APN is 17622-000-000. This is an exceptional opportunity to acquire a well-located, spacious office building with significant potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.652553133641
- Latitude
- 30.167787939571
