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  • Price$5,450,000
  • SQ. Feet27,300
  • Acres2.78
  • Built2009

4001 W 23rd Street, Panama City

Huge price reduction. Priced to sell. The Comcast Building is a tremendous investment opportunity. 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 American Cancer Society is the second tenant and a 2,000 sq. ft. space is available for lease at $16.00 NNN. The current Net Operating Income is +/-$408,000. The 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, financials and building data.

Essential Information

  • MLS® #679534
  • Price$5,450,000
  • Square Footage27,300
  • Acres2.78
  • Year Built2009
  • TypeCommercial Sales
  • Sub-TypeIncome Producing
  • StyleCommercial
  • StatusActive

Amenities

  • UtilitiesAll Utilities

Exterior

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

Additional Information

  • Date ListedJanuary 23rd, 2019
  • Days on Market181
  • ZoningCity, Commercial
  • 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 $5,450,000 $500,000 (8.40%)
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