$699,000
Panama City, FL 32404
MLS# 764939
4004 sqft
1 / 23
Property Description
This exceptional investment property offers a recently renovated +/-4,004-square-foot building, redesigned in 2023 to meet modern standards. Fully leased for three years by a thriving daycare, it provides a low-maintenance, income-generating asset with reliable cash flow. The versatile layout includes well-designed classrooms, administrative spaces, and support facilities, making it ideal for educational institutions. With a stable tenant in place, this turnkey property is an attractive opportunity for investors seeking consistent returns in a growing sector.
Details
Maps
Contract Info
List Date: 2024-11-11
List Price: $699,000
List Price/SqFt: 174.58
Current Price: $699,000
Sub-Type: Income Producing
Location
Area: 02 - Bay County - Central
Street #: 5311
Street Direction: E
Street Name: Hwy 22
State: FL
Zip Code: 32404
County: Bay
Sub Area: 0202 - Bay - Central SE
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 24453-000-000
Elementary School: Parker
Middle School: Everitt
High School: Rutherford
Directions: West of Tyndall Parkway on Hwy 22. Between Tyndall Parkway and Transmitter RD. Property on North side of Hwy 22.
Legal Description: 12 4S 14W ST A B DEV CO PLAT BEG 180' E OF SW COR L-63 TH N 330' E 75' S 330' W 75' TO BEG LESS RW ****AND****COM AT INT OF E R/W OF SENECA AVE & N LIN OF LOT 63 TH E 109.68' FOR POB TH E 50' S 234.21' W 50' N 234.59' TO POB -126- 118D1 ORB 4683 P 1468
General Property Info
List Class: Commercial
Immediate Occupancy: Yes
Construction Status: Construction Complete
# of Units: 1
SqFt Unit: 4004
# of Stories in Building: 1
Acreage: 0.71
SqFt Tot Bldg: 4004
Year Built: 1991
CAM Area Fee: 3.27
CAM Per: Monthly
Status Change Info
Status: Active
Property Features
Energy: AC - 2 or More; Water Heater - Electric
Financing: Cash; Conventional
Present Zoning: Commercial
Utilities: All Utilities; Electricity - Connected; Public Sewer - Connected; Water Connected
Listing Office: NAI TALCOR
Last Updated: August - 11 - 2025
Information deemed reliable but not guaranteed.