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  • Price$5,950,000
  • SQ. Feet27,300
  • Acres2.78
  • Built2009

4001 W 23rd Street, Panama City

Tremendous investment opportunity. The Comcast Building is 100% occupied. The building was originally built-to-suit for Comcast who occupies the majority of the building and recently signed a 5-year lease renewal. The other two tenants include The American Cancer Society and Landrum HR. The current Net Operating Income is $438,243. All three leases are triple-net with full operating expense pass-through to the tenants. The building had very little damage from Hurricane Michael and those repairs were quickly taken care of by the landlord. Please call for the Offering Memorandum, which includes detailed lease information, finanancials and building data.

Essential Information

  • MLS® #679534
  • Price$5,950,000
  • Square Footage27,300
  • Acres2.78
  • Year Built2009
  • TypeCommercial Sales
  • Sub-TypeIncome Producing
  • StyleCommercial
  • StatusActive

Amenities

  • UtilitiesAll Utilities

Exterior

  • Lot DescriptionAerials Available, Landscaped, Level
  • ConstructionFloor - Tile, Floor - Concrete, Floor - W/W Carpet, Roof - Metal, Siding - Metal, Siding - Stucco, Steel/Frame, Roof - Pitched, Foundation - Slab on Grade

Additional Information

  • Date ListedJanuary 23rd, 2019
  • Days on Market60
  • ZoningCommercial, City
  • HOA$0

Community Information

  • Address4001 W 23rd Street
  • Area02 - Bay County - Central
  • SubdivisionNo Named Subdivision
  • CityPanama City
  • CountyBay
  • StateFL
  • Zip Code32405

Interior

  • HeatingAC - Central, AC - Entire
  • # of Stories1

School Information

  • ElementaryLucille Moore
  • MiddleJinks
  • HighBay

Listing Details

  • Listing OfficeCounts Real Estate Group Inc

Price Change History for 4001 W 23rd Street, Panama City, FL (MLS® #679534)

Date Details Price Change
Price Reduced (from $6,250,000) $5,950,000 $300,000 (4.80%)
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DISCLAIMER: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Source: Bay County Association Of REALTORS® Multiple Listing Service