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    FOR SALE
    Commercial real estate

    5420 Hickory St Panama City, FL 32404

    Property ID
    US18-0689847
    5420 Hickory St, Panama City, FL 32404 For Sale 1 / 65
    $2,180,000
    5420 Hickory St, Panama City, FL 32404
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    Property summary
    AI-generated overview

    This exceptional Panama City, FL commercial property offers 21,184 square feet of versatile space situated on a 2.5-acre lot. The building, fully renovated after hurricane damage, boasts a new 24-gauge standing seam metal roof and a durable red iron clear span beam construction, facilitating easy interior modifications. The expansive interior features multiple reception areas, executive offices, and a kitchenette. Its open floor plan is ideal for a wide range of businesses. A significant advantage is the separate entrance on the left side, offering potential for subletting. Ample parking is provided, with 4 spaces per 1000 square feet and room for expansion. All utilities are readily accessible, and the open roof design allows for future modifications. The property is zoned for mixed use. The building comprises two distinct areas: a main space of 18,385 square feet and a smaller area of 2,799 square feet, each with its own entrance. While the owner prefers to lease the entire space, a sublease of the smaller area may be considered, contingent upon installation of a separate HVAC system. This presents a unique opportunity for a variety of commercial ventures.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US18-0689847
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Impact Promotions Event Planning
    1 occupant on record
    Value estimations
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    Permitted uses
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    5420 Hickory St, Panama City, FL, 32404
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