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  • Price$499,900
  • SQ. Feet14,000
  • Acres1.15
  • Built1972

116 N Highway 22-a, Panama City

Great investment opportunity due to shortage of rentals. This property has 16 units of which 10 are currently rented bringing in over $7000 gross per month. Two units do need some work etc. All units have their own meters etc. Seller expenses are very minimal with around net $80,000 annually. Additional land available to build more units. Corner lot 5007 Cherry Street is also available for sale.

Essential Information

  • MLS® #681067
  • Price$499,900
  • Square Footage14,000
  • Acres1.15
  • Year Built1972
  • TypeCommercial Sales
  • Sub-TypeMulti-Family
  • StyleApartment
  • StatusActive


  • UtilitiesPublic Sewer, Public Water, All Utilities


  • ConstructionFoundation - Slab on Grade, Siding - Stucco, Roof - Composite Shngl

Additional Information

  • Date ListedMarch 7th, 2019
  • Days on Market44
  • ZoningCommercial, Resid Multi-Family
  • HOA$0

Community Information

  • Address116 N Highway 22-a
  • Area02 - Bay County - Central
  • SubdivisionNo Named Subdivision
  • CityPanama City
  • CountyBay
  • StateFL
  • Zip Code32404


  • HeatingAC - Central, Heat - Central Electric
  • # of Stories1

School Information

  • ElementaryParker
  • MiddleEveritt
  • HighRutherford

Listing Details

  • Listing OfficeCoastal Sun Realty LLC

Price Change History for 116 N Highway 22-a, Panama City, FL (MLS® #681067)

Date Details Price Change
Price Reduced (from $574,900) $499,900 $75,000 (13.05%)
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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