30.18892 -85.71059

4001 W 23rd Street Panama City, FL 32405

274554569 30.18892 -85.71059 2142 /listing/274554569-150362835/4001-w-23rd-street-panama-city-fl-32405 False 0 4295000.0 27300 101 699406 True
  • $4,295,000
  • 27,300 sqft
  • Est payment $23056.49/mo

Property & Neighborhood Info

Courtesy Of Counts Real Estate Group Inc

Commercial in Panama City

THE SELLERS HAVE DECIDED TO RETAIN THE BUILDING AND HAVE TAKEN IT OFF THE MARKET.---------------The Comcast Building offers a prime location on 23rd Street with credit tenants. Priced below replacement cost. This 27,300 sq. ft. center offers frontage on 23rd St, ample parking, and additional storage in the rear. Leases are triple-net. The Net Operating Income with the new leases is projected to be $434,000. Comcast has occupied 21,400 sq. ft. for over 12 years and renewed for an additional 5 years in 2019. Encompass Health recently signed a 5-year lease for 3,900 sq. ft. office (Suite C). Applied Technical Systems signed a 5-year lease for 2,000 sq. ft. (Suite B), which the tenant improvements are expected to be completed, rent commencement and occupancy by September 1st.

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
  • Subdivision: [No Recorded Subdiv]
  • MLS Number:699406

Additional Features

  • Office Space:
    • Low Rise
  • Building Square Feet:
    • 27300
  • Commercial Type:
    • Commercial
  • Construction:
    • Clear Span
    • Floor - Concrete
    • Roof - Metal
    • Roof - Sloping
    • Siding - Metal
    • Siding - Stucco
    • Steel/Frame
  • Construction Status:
    • Construction Complete
  • Occupancy Status:
    • Occupied
  • Property Subtype:
    • Income Producing
  • Acres:
    • 2.78
  • Property Details:
    • AAA Tenant
    • Freestanding Building
    • Handicapped Access
    • Handicapped Facilities
    • Kitchen Area
    • Office Area
    • Sign
  • Site Description:
    • Aerials Available
    • Retention Pond
    • Site - Plan
    • Survey
  • Sub- Area:
    • 0203 - Bay - Central SW
  • Energy:
    • AC - 2 or More
    • Water Heater - Electric
  • Heating/Cooling:
    • AC - HVAC
  • Utilities:
    • All Maintenance
  • Transportation/Access:
    • 2-Lane
    • 5 or More Lanes
    • Center Turn Lane
    • County Road
    • Paved
  • Community:
    • None
  • Zoning:
    • City
    • Commercial
  • Financing:
    • Cash
    • Conventional
  • Income Property:
    • Office
  • 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
  • Net Operating Income:
    • 434000.00
  • Sale Type:
    • As Is
    • Other - See Remarks
  • HOA Fee:
    • No
  • Price Per SQFT:
    • 157.33
Neighborhood info courtesy of Homes.com © 2021

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.
Chris McCall
Chris McCall
Senior Director
2104 Thomas Drive Panama City Beach FL 32408
Let us help you!
30.18892 -85.71059

4001 W 23rd Street Panama City, FL 32405

274554569 30.18892 -85.71059 2142 /listing/274554569-150362835/4001-w-23rd-street-panama-city-fl-32405 False 0 4295000.0 27300 101 699406 True
  • $4,295,000
  • 27,300 sqft
  • Est payment $23056.49/mo