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  • Price$895,000
  • SQ. Feet7,435
  • Acres0.91
  • Built2000

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.

Essential Information

  • MLS® #693700
  • Price$895,000
  • Square Footage7,435
  • Acres0.91
  • Year Built2000
  • TypeCommercial Sales
  • Sub-TypeIncome Producing
  • StyleCommercial
  • StatusActive

Amenities

  • UtilitiesPublic Sewer, Public Water

Exterior

  • ConstructionRoof - Metal, Siding - Metal, Siding - Stucco, Roof - Composite Shngl, Siding - Wood

Additional Information

  • Date ListedFebruary 4th, 2020
  • Days on Market187
  • ZoningCommercial
  • HOA$0

Community Information

  • Address705 & 707 Jenks Avenue
  • Area02 - Bay County - Central
  • SubdivisionG.C. Dev. Co.
  • CityPanama City
  • CountyBay
  • StateFL
  • Zip Code32401

Interior

  • HeatingAC - HVAC, Heat - HVAC

School Information

  • ElementaryCherry Street
  • MiddleJinks
  • HighBay

Listing Details

  • Listing OfficeCounts Real Estate Group

Price Change History for 705 & 707 Jenks Avenue, Panama City, FL (MLS® #693700)

Date Details Price Change
Price Reduced $895,000 $70,000 (7.25%)
Price Reduced (from $975,000) $965,000 $10,000 (1.03%)
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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