Panama City Office + Income Portfolio Office FOR SALE


Panama City, FL
$875,000 USD
848-220-5555
, Panama City, FL for Sale
$875,000 USD
Office - FOR SALE
1/31
null | 8.57% Cap Rate

Panama City Office + Income Portfolio
Panama City, FL


HIGHLIGHTS

  • Two-Property Professional Campus | Office + Income Modern 3,476 SF office building plus adjacent income-producing property creating a rare multi-build
  • Immediate Income + Expansion Potential Second building generates ~$2,600/month with flexibility for office, executive suites, or live/work use.
  • Added Parking + Multi-Tenant Flexibility Combined parcels solve a key office need with additional parking and support owner-user or investment strateg

OVERVIEW

Pro Forma NOI ~$75K+ | Double-Digit Return Potential Projected NOI based on lease-up of 10 office suites combined with in-place rental income, offering strong yield for a central Panama City asset. The Brown Avenue Professional Campus Portfolio offers a rare opportunity to acquire a two-property, multi-building commercial setup combining a modern office building with an income-producing adjacent property in a central Panama City location. The portfolio is anchored by 1806 Brown Avenue, a 3,476 SF professional office building built in 2016, featuring 10 private office suites, two kitchens, two restrooms, and a flexible layout suitable for a wide range of professional or administrative uses. The building is equipped with a security and camera system and includes a large rear storage area, making it ideal for both owner-users and investors seeking multi-tenant income potential. The adjacent property at 1808 Brown Avenue adds significant value to the offering, featuring an 810 SF structure built in 2017, currently generating approximately $2,600/month in rental income. This building can continue to operate as a residential rental or be converted for office, executive suite, or live/work use. The property also includes an outbuilding for additional workspace or storage. Together, the two parcels create a highly functional professional campus environment, offering additional parking (a key constraint for office users), multiple buildings, and diversified income potential. This portfolio is well-suited for: Owner-users seeking to occupy the main building while offsetting costs with rental income Investors looking for a flexible, income-producing asset with upside Businesses needing expansion space, satellite offices, or a multi-building setup With modern construction, strong layout flexibility, and immediate income in place, the Brown Avenue Professional Campus Portfolio represents a rare combination of usability, income, and future potential in the Panama City market. Investment Highlights: Two-property portfolio with office + income component 3,476 SF office building (2016 construction) 10 private offices with multi-tenant potential Adjacent building generating ~$2,600/month income Additional parking across both parcels Outbuilding for storage or workspace Flexible use: office, executive suites, live/work Central Panama City location with strong accessibility

ASK ABOUT THIS PROPERTY

Marcy O'DonnellLuxe Coastal RealtyMore Info
848-220-5555

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Marcy O'DonnellLuxe Coastal RealtyMore Info
848-220-5555

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