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  • 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

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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
  • ConstructionSiding - Stucco, Roof - Metal, Frame

Additional Information

  • Date ListedOctober 28th, 2019
  • Days on Market121
  • 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
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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