16901 panama city beach Pky - Medical FOR SALE


Panama City Beach, FL 32413
$4,950,000 USD
850-231-1483
16901 panama city beach Pky, Panama City Beach, FL for Sale
$4,950,000 USD
Medical - FOR SALE
1/7
null | Request Cap Rate

16901 panama city beach Pky
Panama City Beach, FL 32413


HIGHLIGHTS

  • Premier building and location in Panama City Beach, Florida.
  • Affluent growing area: median household income for residents withing 1-mile radius equals $72,500 and forecasts predict growth of 14% between '24-'29.
  • Highly visible property: passed by 19,400 daily drivers.
  • Within close proximity to Panama City Beach's City Hall, Water Department, Administration, and Official Visitor Center.

OVERVIEW

Premier location! OWNER FINANCING AVAILABLE WITH ACCEPTABLE TERMS. Currently the first and second floors are available for owner occupancy. The property also has an additional lot that is included in the sale for parking and enough space to build approximately an additional 3000 sq ft building to increase property income or perfectly sized for large parking garage area allowing the availability to enlarge the existing building for additional usable square footage. Three floors in main building each being a bit over 4000 sq ft. The ground floor space once was a bank and could be up and operational within 30-45 days. The third floor is currently rented long term. The location is premier as it is strategically located between Hwy 79 and Pier Park close to the City Hall and within minutes of the New Hospital on Hwy 79 The sale includes adjoining lot identified as 33478-010-000.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$383 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Bank, Drug Store, Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

C-3

APN/PARCEL ID

33478-050-000 & 33478-010-000

ASK ABOUT THIS PROPERTY

Andy GonsalvesCount's Real Estate GroupMore Info
850-231-1483

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Andy GonsalvesCount's Real Estate GroupMore Info
850-231-1483

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