10510 Hutchison Blvd - Medical FOR SALE


Panama City Beach, FL 32407
$759,000 USD
850-977-6991
10510 Hutchison Blvd, Panama City Beach, FL for Sale
$759,000 USD
Medical - FOR SALE
1/9
null | 6.27% Cap Rate

10510 Hutchison Blvd
Panama City Beach, FL 32407


HIGHLIGHTS

  • Full Visibility Investment Property
  • Palmetto Dental has two five-year options to renew their lease
  • Zoned CH – General Commercial High Intensity

OVERVIEW

Strategically positioned along Hutchison Blvd and registering a traffic count of 21,700 AADT, Palmetto Dental occupies a highly advantageous location with extensive highway frontage and conspicuous signage, facilitating easy recognition by passing vehicles. Currently, in its second lease term, Palmetto Dental holds two additional five-year options for extension. The Bay County Tax Collector's Office is situated adjacent to the property. The vicinity includes prominent national and credit tenants such as Walmart, Applebee’s, Walgreens, and CVS Pharmacy, among others, enhancing consumer traffic to the site. Within the 5-mile trade area, nearly 40,000 residents contribute to the region's vitality, boasting an impressive average household income of $84,014.

FOR SALE DETAILS

PRICE

$759,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

6.27%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

CH

APN/PARCEL ID

34881-040-000

ASK ABOUT THIS PROPERTY

Harry BellBellcore Commercial, LLCMore Info
850-977-6991

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Harry BellBellcore Commercial, LLCMore Info
850-977-6991

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.