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$4,950,000
  • SQ. Feet32,000
  • Acres3.50
  • Built1987

704 W 23rd Street, Panama City

***INCOME PRODUCING INVESMENT OPPORTUNITY!!! 7 BUILDINGS, 10 TENANTS, 100% OCCUPIED COMMERCIAL OFFICE PARK*** Approximately 32,000 square feet of combined rental space on 3.5 acres(with room to add more buildings). $512,000 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

Inquire! Request a Showing Add to Favorites Print this Listing

Essential Information

  • MLS® #690188
  • Price$4,950,000
  • Square Footage32,000
  • Acres3.50
  • Year Built1987
  • TypeCommercial Sales
  • Sub-TypeIncome Producing
  • StyleCommercial
  • StatusActive

Amenities

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

Exterior

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

Additional Information

  • Date ListedOctober 28th, 2019
  • Days on Market215
  • ZoningCommercial, City
  • HOA$0

Community Information

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

Interior

  • HeatingAC - Central, Heat - Central Electric

School Information

  • ElementaryNorthside
  • MiddleJinks
  • HighBay

Listing Details

  • Listing OfficeCoastal Sun Realty LLC
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