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$3,999,000
704 W 23rd St, Panama City, FL 32405
0 Beds
0 Baths
n/a sqft

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***INCOME PRODUCING INVESTMENT OPPORTUNITY!!! 6 BUILDINGS, 9 TENANTS, 100% OCCUPIED COMMERCIAL OFFICE PARK*** Approximately 22,000 square feet of combined rental space on 3 acres. $332,000 in annual rental income. Landlord pays $50,000 annually in taxes, lighting and maintenance expenses...tenants pay their own insurance. Most have 3 to 5 year leases that can be provided for review. Tenants not to be disturbed and include ESPN Sports Radio, FOX TV, AMI Store management, Pancare of FL, and many more. ***SELLER WILL CARRY A NOTE WITH 25% DOWN, 6% INTEREST RATE, ON A 25 YEAR AMORTIZATION WITH A 3-5 YEAR BALLOON. Contact listing agent for details
  • Price:
  • $3,999,000
  • Acreage:
  • 3.00
  • Year Built:
  • 1987
  • Listing ID #:
  • 690188
  • Street Address:
  • 704 W 23rd St
  • City:
  • Panama City
  • State:
  • Florida
  • Postal Code:
  • 32405
  • County:
  • Bay
  • Community:
  • Bay County - Central
  • Subarea:
  • Bay - Central Nw
  • Subdivision:
  • No Named Subdivision
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial
2
out of 5

Northside Elementary School
Public
School Grade Level PRESCHOOL-5
School Students 650 students
School Teachers 14 student/
teacher
4
out of 5

Bay Virtual Franchise
Public
School Grade Level K-12
School Students 150 students
School Teachers 5 student/
teacher
n/a

Bay Regional Juvenile Detention Center
Public
School Grade Level 5-12
School Students 23 students
School Teachers 7 student/
teacher
1
out of 5

Jinks Middle School
Public
School Grade Level 6-8
School Students 500 students
School Teachers 16 student/
teacher
3
out of 5

Bay High School
Public
School Grade Level 9-12
School Students 1220 students
School Teachers 19 student/
teacher
  • Construction Status:
  • Construction Complete
  • Siding:
  • Frame, Roof - Metal, Siding - Stucco
  • Year Built:
  • 1987
  • Financing Options:
  • Cash, Conventional
  • Price Per Square Foot:
  • 181.77
  • Energy Description:
  • Ac - 2 Or More, Ac - Central Elect, Heat - Central Electric, Water Heater - Electric
  • Heating And Air:
  • Ac - Central, Heat - Central Electric
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Berkshire Hathaway Homeservices Beach Properties Of Florida
  • IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not
    be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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