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  • Price$4,689,000
  • SQ. Feet27,300
  • Acres2.78
  • Built2009

4001 W 23rd Street, Panama City

Huge Price Reduction. Seller is motivated. Comcast Building is a unique investment opportunity with tremendous upside and value add potential. This 27,300 sq ft center offers frontage on 23rd St, ample parking, and additional storage in the rear. Offered at 8.45% cap rate based on 2019 NOI of +/- $396,300. Leases are NNN. Comcast occupies approximately 21,400 sq ft and renewed for additional 5 year term in 2019. American Cancer Society occupies 3,900 sq. ft. through the end of March 2020. The remaining space is available for lease at $17/ft NNN. Ideal location near the new flyover providing easy access to both the Panama City Beach and Panama City market. One mile from FSU Panama City campus as well as Gulf State Community College. *Listing agent has ownership interest in the property.

Essential Information

  • MLS® #690397
  • Price$4,689,000
  • Square Footage27,300
  • Acres2.78
  • Year Built2009
  • TypeCommercial Sales
  • Sub-TypeIncome Producing
  • StyleCommercial
  • StatusActive

Amenities

  • UtilitiesAll Utilities

School Information

  • ElementaryLucille Moore
  • MiddleJinks
  • HighBay

Listing Details

  • Listing OfficeCounts Real Estate Group Inc

Community Information

  • Address4001 W 23rd Street
  • Area02 - Bay County - Central
  • Subdivision[No Recorded Subdiv]
  • CityPanama City
  • CountyBay
  • StateFL
  • Zip Code32405

Exterior

  • ConstructionFloor - Concrete, Siding - Stucco, Steel/Frame

Additional Information

  • Date ListedNovember 1st, 2019
  • Days on Market152
  • ZoningCommercial
  • HOA$0

Price Change History for 4001 W 23rd Street, Panama City, FL (MLS® #690397)

Date Details Price Change
Price Reduced (from $4,939,000) $4,689,000 $250,000 (5.06%)
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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