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  • Price$4,295,000
  • SQ. Feet27,300
  • Acres2.78
  • Built2009

4001 W 23rd Street, Panama City

THE SELLERS HAVE DECIDED TO RETAIN THE BUILDING AND HAVE TAKEN IT OFF THE MARKET.---------------The Comcast Building offers a prime location on 23rd Street with credit tenants. Priced below replacement cost. This 27,300 sq. ft. center offers frontage on 23rd St, ample parking, and additional storage in the rear. Leases are triple-net. The Net Operating Income with the new leases is projected to be $434,000. Comcast has occupied 21,400 sq. ft. for over 12 years and renewed for an additional 5 years in 2019. Encompass Health recently signed a 5-year lease for 3,900 sq. ft. office (Suite C). Applied Technical Systems signed a 5-year lease for 2,000 sq. ft. (Suite B), which the tenant improvements are expected to be completed, rent commencement and occupancy by September 1st.

Essential Information

  • MLS® #699406
  • Price$4,295,000
  • Square Footage27,300
  • Acres2.78
  • Year Built2009
  • TypeCommercial Sales
  • Sub-TypeIncome Producing
  • StyleCommercial
  • StatusActive

Amenities

  • UtilitiesAll Maintenance

Exterior

  • Lot DescriptionAerials Available, Retention Pond, Site - Plan, Survey
  • ConstructionClear Span, Floor - Concrete, Roof - Metal, Roof - Sloping, Siding - Metal, Siding - Stucco, Steel/Frame

Additional Information

  • Date ListedJuly 8th, 2020
  • Days on Market446
  • ZoningCity, Commercial
  • HOA$0

Community Information

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

Interior

  • HeatingAC - HVAC
  • # of Stories1

School Information

  • ElementaryLucille Moore
  • MiddleJinks
  • HighBay

Listing Details

  • Listing OfficeCounts Real Estate Group Inc

Price Change History for 4001 W 23rd Street, Panama City, FL (MLS® #699406)

Date Details Price Change
Price Reduced $4,295,000 $205,000 (4.56%)
Price Increased $4,500,000 $500,000 (12.50%)
Price Increased $4,000,000 $15,000 (0.38%)
Price Reduced (from $4,185,000) $3,985,000 $200,000 (4.78%)
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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