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  • 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

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Essential Information

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

Amenities

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

Exterior

  • 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

Interior

  • 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%)
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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