3704 W 23RD Street

    Panama City, FL 32405
    • $975,000
    • STATUS: Active
    • ON SITE: 245 days
    • MLS #: 666978
    UPDATED: 111 min ago
    $975,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1985
    County:
    Bay

    School Ratings & Info

    Description

    OPPORTUNITY TO OWN A 4 UNIT RETAIL CENTER IN A HIGH TRAFFIC AREA OF 23RD STREET. BUILDING CONSISTS OF 7200 SF OF LEASABLE SPACE. UNIT A IS 1200 SF; UNIT B IS 1725 SF; AND UNIT C IS 1475 SF; AND UNIT D IS 2800 SF. THE BUILDING IS 100% OCCUPIED WITH A 7.1 CAP RATE. RENTS ARE GROSS RENTS WITH NO CAMS. THERE IS MORE THAN ENOUGH PARKING TO SUPPORT THE RETAIL CENTER. SELLER FINANCING IS OFFERED WITH 25% DOWN, 30 YEAR TERM WITH 10 YEAR CALL, WITH MARKET INTEREST RATE. ADDITIONAL LOTS ADJOINING REAR OF PROPERTY ARE FOR SALE. SEE MLS 666982.

    Monthly Payment Calculator



    © 2018 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Scenic Sotheby's International Realty. Data last updated: 2018-09-21T00:12:21.937.
    www.scenicsir.com/homes/80066004

    3704 W 23RD Street Panama City, FL 32405

    • Price: $975,000
    • Status: Active
    • Updated: 111 min ago
    • MLS #: 666978
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1985
    Built
    Neighborhood:
    No Named Subdivision
    County:
    Bay
    Area:
    Bay County-Central
    Property Description
    OPPORTUNITY TO OWN A 4 UNIT RETAIL CENTER IN A HIGH TRAFFIC AREA OF 23RD STREET. BUILDING CONSISTS OF 7200 SF OF LEASABLE SPACE. UNIT A IS 1200 SF; UNIT B IS 1725 SF; AND UNIT C IS 1475 SF; AND UNIT D IS 2800 SF. THE BUILDING IS 100% OCCUPIED WITH A 7.1 CAP RATE. RENTS ARE GROSS RENTS WITH NO CAMS. THERE IS MORE THAN ENOUGH PARKING TO SUPPORT THE RETAIL CENTER. SELLER FINANCING IS OFFERED WITH 25% DOWN, 30 YEAR TERM WITH 10 YEAR CALL, WITH MARKET INTEREST RATE. ADDITIONAL LOTS ADJOINING REAR OF PROPERTY ARE FOR SALE. SEE MLS 666982.
    Exterior Features

    Construction Siding Foundation - Slab On GradeRoof - MetalSiding - Brick FrontSiding - MetalSteel/FrameTrim - Aluminum Construction Status Construction Complete Transport Access 4-Lane

    Interior Features

    Sq Ft Total Building 9196.00

    Property Features

    Commercial Sale Sub Type Income Producing Community Resort None Financing CashConventionalOwner Hoa Fee No List Class Commercial Occupancy Status Occupied Offering Type Sale With Lease Present Zoning Commercial Pricing Type Sale Price Utilities All Utilities

    Listing provided courtesy of Varnes Realty. Listing information © 2018 Central Panhandle Association of Realtors MLS.


    © 2018 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Scenic Sotheby's International Realty. Data last updated: 2018-09-21T00:12:21.937.
     
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