5420 Hickory St, Panama City, FL 32404
For Sale
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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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.
