$2,284,633
Panama City Beach, FL 32407
MLS# 713490
Status: Sold
14624 sqft
1 / 31
Property Description
100% Occupied Class A Office Building for sale in Panama City Beach. Tremendous Investment Opportunity with a small trophy building! Highlights: 8% CAP Rate, strategically located in the heart of Panama City Beach, quality construction including; concrete walls, impact resistant commercial grade windows and doors, membrane roof, elevator and stairwell access. Tenants include: Panama City Beach, Chamber Of Commerce, Cosmetic & Family Dentistry, Truland Homes, Casanoah Furniture & Art, and executive office suites. Detailed financial and tenant information available with signed confidentiality agreement.
Details
Maps
Contract Info
List Date: 2021-06-25
List Price: $2,350,000
List Price/SqFt: 160.69
Current Price: $2,284,633
Sub-Type: Income Producing
Location
Area: 03 - Bay County - Beach
Street #: 309
Street Direction: N
Street Name: Richard Jackson
Street Suffix: Boulevard
State: FL
Zip Code: 32407
County: Bay
Sub Area: 0320 - Beach - Middle Central
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 34776-030-000
Section: 35
Township: 3S
Range: 16W
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: Follow US-98 W Panama City Beach Parkway) to Richard Jackson Blvd in Panama City Beach. Turn south on to Richard Jackson Blvd and travel approximately .8 miles. Chamber Center will be on the east side of Richard Jackson Blvd just south of Panhandle Federal Credit Union.
Legal Description: 35 3S 16W -5.3- 47C1 COM AT NE COR OF SEC W 657.92 S 172.12' FOR POB TH CONT S 127.88' W 456.70' TO SELY R/W BECKRICH RD NELY 141.29' E 391.26' TO POB ORB 2086 P 2094 ORB 2492 P 408 ORB 2721 P 902
General Property Info
List Class: Commercial
Immediate Occupancy: No
Construction Status: Construction Complete
# of Units: 1
SqFt Unit: 15344
# of Stories in Building: 2
Floor Number: 2
Acreage: 1.32
Frontage Ft: 141.29
Lot SqFt: 53615
SqFt HVAC: 14624
SqFt - Office: 14624
SqFt Tot Bldg: 14624
Year Built: 2007
Ceiling Height: 10
Status Change Info
Status: Sold
Under Contract Date: 2021-07-03
Sold Date: 2021-10-28
Sold Price: $2,284,633
Sold Price/SqFt: 156.22
Sold Price/Acre: 1730782.58
Income Producing
Year Built: 2007
Building SqFt: 14624
Net Operating Income: 192121
Cap Rate: 8.1
Property Type: Office
Office
Net Operating Income: 192121
Cap Rate: 8.1
Property Type: Low Rise
Property Features
Accessibility Features: Accessible Common Area; Accessible Doors; Accessible Elevator Installed; Accessible Entrance; Accessible Hallway(s); Common Area; Reinforced Floors
Energy: AC - Central Elect
Financing: Cash; Conventional
Offering Type: Real Estate; Sale with Lease
Pricing Type: Sale Price
Present Zoning: Commercial; General Commercial
Sale Type: As Is
Site Description: Landscaped; Level; Site - Plan
Utilities: All Utilities
Listing Office: Counts Real Estate Group Inc
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.