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.
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.
- MLS® #681067
- Square Footage14,000
- Year Built1972
- TypeCommercial Sales
- UtilitiesPublic Sewer, Public Water, All Utilities
- ConstructionFoundation - Slab on Grade, Siding - Stucco, Roof - Composite Shngl
- Date ListedMarch 7th, 2019
- Days on Market44
- ZoningCommercial, Resid Multi-Family
- Address116 N Highway 22-a
- Area02 - Bay County - Central
- SubdivisionNo Named Subdivision
- CityPanama City
- Zip Code32404
- HeatingAC - Central, Heat - Central Electric
- # of Stories1
- Listing OfficeCoastal Sun Realty LLC
Price Change History for 116 N Highway 22-a, Panama City, FL (MLS® #681067)
|Price Reduced (from $574,900)||$499,900||$75,000 (13.05%)|
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