Property summary
This exceptional 2,200 square foot office building in Panama City, Florida, presents a unique investment opportunity. Completely renovated in 2023, the property boasts a brand new HVAC system, roof, flooring, and interior finishes, ready for immediate occupancy. The building, classified as Class B, is situated on a substantial 108,900 square foot lot (over 2.5 acres), offering significant potential for expansion or additional development. Its single-story design provides convenient access and functionality. The property features over 500 feet of frontage on Highway 77, ensuring high visibility and accessibility for clients and customers. Built in 1957, this completely modernized space is perfect for a variety of uses, from retail to office space. The lease type is NNN, and the property is currently vacant, allowing for immediate customization to suit a new tenant's specific needs. The ample lot size provides the rare opportunity for a lay-down yard or additional retail space, making this a truly versatile and attractive investment. The asking price is $900,000. This property offers a compelling combination of renovated space, prime location, and significant land area, presenting a strong return on investment.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BC05 · Southport, FLZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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