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Off Market
1/28

707 Jenks Ave
Panama City, FL 32401


HIGHLIGHTS

  • Historic Downtown Panama City
  • 100% Occupancy
  • Two Contiguous Parcels - Almost 1 Acre
  • Central Location, Easy & Convenient Access

OVERVIEW

Income producing opportunity in Downtown Panama City with 100% occupancy and situated on almost 1 acre. Property consist of two separate contiguous parcels and addresses, 705 & 707 Jenks Avenue. 705 Jenks - Includes an older converted home and is leased to a Day Care Center with playground and shared parking. 707 Jenks - Office building was constructed in 2000 with 6 separate suites configured with 4 current tenants (Insurance, Dental, Financial Group and Surveyor/Real Estate Office) occupying 100% of the building. The site combines central location, easy access (Jenks Ave & rear Alley), ample parking and great visibility. The 705 Jenks property has great redevelopment potential to modernize the entire property and increase future income potential. Current combined NOI is $80,967.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

6500

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.91 AC AC

LAND SF

39,640 SF

ZONING

-

APN/PARCEL ID

20025-000-000