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705 & 707 Jenks Avenue, Panama City
Income producing opportunity in Downtown Panama City with 100% occupancy and situated on almost 1 acre. Property consist of two separate contiguous parcels and addresses, 705 & 707 Jenks Avenue. 705 Jenks - includes an older converted home and is leased to a Day Care Center with playground and shared parking. 707 Jenks - Office building was constructed in 2000 with 6 separate suites configured with 4 current tenants (Insurance, Dental, Financial Group and Surveyor/Real Estate Office) occupying 100% of the building. The site combines central location, easy access (Jenks Ave & rear Alley), ample parking and great visibility. The 705 Jenks property has great redevelopment potential to modernize the entire property and increase future income potential. Current combined NOI is $80,967.
- MLS® #693700
- Square Footage7,435
- Year Built2000
- TypeCommercial Sales
- Sub-TypeIncome Producing
- UtilitiesPublic Sewer, Public Water
- ConstructionRoof - Metal, Siding - Metal, Siding - Stucco, Roof - Composite Shngl, Siding - Wood
- Date ListedFebruary 4th, 2020
- Days on Market187
- Address705 & 707 Jenks Avenue
- Area02 - Bay County - Central
- SubdivisionG.C. Dev. Co.
- CityPanama City
- Zip Code32401
- HeatingAC - HVAC, Heat - HVAC
- ElementaryCherry Street
- Listing OfficeCounts Real Estate Group
Price Change History for 705 & 707 Jenks Avenue, Panama City, FL (MLS® #693700)
|Price Reduced||$895,000||$70,000 (7.25%)|
|Price Reduced (from $975,000)||$965,000||$10,000 (1.03%)|
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