DEVELOPER TEST TENANT

2810 FL-77 A-B

Panama City , FL 32405

MLS#: 970121

$1,600,000

Status: Closed
Listing number: 970121
Listing provided by: Counts Real Estate Group Inc
Listing agent phone: None
Last update: 2 months ago
On site: 4 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Sq.Footage

N/A

Welcome to a lucrative investment opportunity in Panama City, FL. This prime commercial property at 2810 Hwy 77 offers a solid income stream with a favorable cap rate of 7.1%. With an occupied space and annual tenant income of $163,823 this property ensures long-term financial growth.Featuring two buildings (front 5,000 sf & back 6,000 sf) totaling 11,000 sq ft, this property houses thriving tenants including South Oak Title, Think Real Estate, and Mochas & Minis. The combined tenant income of $163,823 annually guarantees a steady cash flow.Strategically located on Hwy 77, this property enjoys excellent visibility and high traffic exposure, with consistent demand for commercial space. Close to amenities and businesses, it leverages the city's economic growth for maximum return

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.86

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,600,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

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Location

County

Bay

Elementary School

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Listing Courtesy of Carl E Allen , Counts Real Estate Group Inc

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Agent EugenePontecorvo

Principal Broker

EugenePontecorvo

Call Eugene today to schedule a private showing.

(815) 780-9623

(856) 498-486

[email protected]


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Welcome to a lucrative investment opportunity in Panama City, FL. This prime commercial property at 2810 Hwy 77 offers a solid income stream with a favorable cap rate of 7.1%. With an occupied space and annual tenant income of $163,823 this property ensures long-term financial growth.Featuring two buildings (front 5,000 sf & back 6,000 sf) totaling 11,000 sq ft, this property houses thriving tenants including South Oak Title, Think Real Estate, and Mochas & Minis. The combined tenant income of $163,823 annually guarantees a steady cash flow.Strategically located on Hwy 77, this property enjoys excellent visibility and high traffic exposure, with consistent demand for commercial space. Close to amenities and businesses, it leverages the city's economic growth for maximum return

2810 FL-77 A-B

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Related Properties

4.5+/- acres available. This listing is for two parcels- 14605-000-000 and 14606-000-000. Zoned C3-A which is very flexible zoning and provides opportunity for investment and financial gain. C3-A Zoning encompasses all the uses of C1 and C2 which include (but are not limited to): Retail, Transportation, Warehouses, even Waste Management (the only type of warehousing not allowed is refrigeration products and like-kind refrigeration storage), maximum building height allowed is 100 feet. See photos for diagram of the types of warehouses. Four (4) 9100 square foot warehouses, and One (1) 7215 warehouse. 43,615 total square feet for warehouses. Ample room for driveways, water retention, and parking. There is a 2186 square foot home that can be remodeled (for renting or use it as a home for management or property oversight) or demolished to provide more room for parking and/or an additional warehouse. There is an option to demolish the current granite retail store fronting 15th Street, or convert it to your own retail space. You can even utilize the retail space as a check-in for management if you decide to build a storage facility. The Boot Store was sold and is not included in the 4.5+/- acres. Setbacks are: 25 feet off 15th Street and 5 feet off the sides. Commercial properties are to the east and west of this property.
#977590

Panama City

2515 E 15th Street

None Beds

None Baths

N/A

$1,825,000

MLS#: 977590

- property

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