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$3,999,000
  • SQ. Feet22,000
  • Acres3.00
  • Built1987

704 W 23rd Street, Panama City

***INCOME PRODUCING INVESTMENT OPPORTUNITY!!! 6 BUILDINGS, 9 TENANTS, 100% OCCUPIED COMMERCIAL OFFICE PARK*** Approximately 22,000 square feet of combined rental space on 3 acres. $332,000 in annual rental income. Landlord pays $50,000 annually in taxes, lighting and maintenance expenses...tenants pay their own insurance. Most have 3 to 5 year leases that can be provided for review. Tenants not to be disturbed and include ESPN Sports Radio, FOX TV, AMI Store management, Pancare of FL, and many more. ***SELLER WILL CARRY A NOTE WITH 25% DOWN, 6% INTEREST RATE, ON A 25 YEAR AMORTIZATION WITH A 3-5 YEAR BALLOON. Contact listing agent for details

Essential Information

  • MLS® #690188
  • Price$3,999,000
  • Square Footage22,000
  • Acres3.00
  • Year Built1987
  • TypeCommercial Sales
  • Sub-TypeIncome Producing
  • StyleCommercial
  • StatusActive


  • UtilitiesPublic Sewer, Public Water, All Maintenance, All Utilities, Yard Maintenance


  • Lot DescriptionAerials Available, Site - Strip Mall
  • ConstructionRoof - Metal, Siding - Stucco, Frame

Additional Information

  • Date ListedOctober 28th, 2019
  • Days on Market534
  • ZoningCity, Commercial
  • HOA$0

Community Information

  • Address704 W 23rd Street
  • Area02 - Bay County - Central
  • SubdivisionNo Named Subdivision
  • CityPanama City
  • CountyBay
  • StateFL
  • Zip Code32405


  • HeatingAC - Central, Heat - Central Electric

School Information

  • ElementaryNorthside
  • MiddleJinks
  • HighBay

Listing Details

  • Listing OfficeBerkshire Hathaway HomeServices Beach Properties of Florida

Price Change History for 704 W 23rd Street, Panama City, FL (MLS® #690188)

Date Details Price Change
Price Reduced (from $4,950,000) $3,999,000 $951,000 (19.21%)
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