Hi There! Is this Your First Time?

Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.

  • 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

Amenities

  • UtilitiesPublic Sewer, Public Water, All Utilities

Exterior

  • 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

Interior

  • 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%)
Please provide a valid email address.

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