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    OFF-MARKET
    Retail space

    6320 Hwy 77, Southport, FL 32409-1558

    2,200 SF 0.45 ac lot Built 1957
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US18-0086977
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1957
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,200 SF
    Lot 0.45 ac (19,758 SF)
    Zoning code BC05
    APN 08506-000-000
    UPID US18-0086977
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    J & Jo Investment Company · 2 yrs held
    J & Jo Investment Company
    since 2023
    Last sale
    $120,000
    7 recorded transactions
    2023
    2003
    $120,000
    2003
    $77,800
    1998
    $90,000
    1969
    1969
    1969
    Zoning & alternative use
    BC05 · Southport, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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