30.18949 -85.710464

4001 W 23rd Street Panama City, FL 32405

255033775 30.18949 -85.710464 2142 /listing/255033775-150362835/4001-w-23rd-street-panama-city-fl-32405 False 0 4689000.0 27300 101 690397 True
  • $4,689,000
  • 27,300 sqft
  • Est payment $25171.57/mo

Property & Neighborhood Info

Courtesy Of Counts Real Estate Group Inc

Commercial in Panama City

Huge Price Reduction. Seller is motivated. Comcast Building is a unique investment opportunity with tremendous upside and value add potential. This 27,300 sq ft center offers frontage on 23rd St, ample parking, and additional storage in the rear. Offered at 8.45% cap rate based on 2019 NOI of +/- $396,300. Leases are NNN. Comcast occupies approximately 21,400 sq ft and renewed for additional 5 year term in 2019. American Cancer Society occupies 3,900 sq. ft. through the end of March 2020. The remaining space is available for lease at $17/ft NNN. Ideal location near the new flyover providing easy access to both the Panama City Beach and Panama City market. One mile from FSU Panama City campus as well as Gulf State Community College. *Listing agent has ownership interest in the property.

Courtesy Of Counts Real Estate Group Inc
  1. 27,300 Sq. Ft.

Main Features

  • Listing Status: Active
  • Year Built: 2009
  • School District: Lucille Moore
  • School District2: Jinks
  • School District3: Bay
  • County: Bay County
  • Subdivision: [No Recorded Subdiv]
  • MLS Number:690397

Additional Features

  • Commercial Type:
    • Commercial
  • Construction:
    • Floor - Concrete
    • Siding - Stucco
    • Steel/Frame
  • Construction Status:
    • Construction Complete
  • Occupancy Status:
    • Occupied
  • Property Subtype:
    • Income Producing
  • Acres:
    • 2.78
  • Sub- Area:
    • 0203 - Bay - Central SW
  • Utilities:
    • All Utilities
  • Community:
    • None
  • Zoning:
    • Commercial
  • Financing:
    • Cash
    • Conventional
  • Legal Description:
    • DRUMMOND & WARE ADD BEG AT THE WEST R/W LINE OF OF DRUMMOND AVE AND NORTH R/W LINE OF 22ND ST TH W 199.97' N 600.46' TO THE SOUTH R/W OF 23RD ST TH E 190.65' SE 12.28' S 16.50' E 3.17' S 573.30' TO POB AKA PART OF BLK 3 ORB 2899 P 1305
  • Sale Type:
    • As Is
  • HOA Fee:
    • No
  • Price Per SQFT:
    • 171.76
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Jason Smoker
Jason Smoker
Realtor
2104 Thomas Drive Panama City Beach FL 32408
Let us help you!
30.18949 -85.710464

4001 W 23rd Street Panama City, FL 32405

255033775 30.18949 -85.710464 2142 /listing/255033775-150362835/4001-w-23rd-street-panama-city-fl-32405 False 0 4689000.0 27300 101 690397 True
  • $4,689,000
  • 27,300 sqft
  • Est payment $25171.57/mo