704 W 23rd Street

    Panama City, FL 32405
    • $4,950,000
    • STATUS: Active
    • ON SITE: 24 days
    • MLS #: 690188
    UPDATED: 175 min ago
    $4,950,000
    • 0
      BEDS
    • 3.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 32,000
      SQFT
    • $155
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1987
    County:
    Bay

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    ***INCOME PRODUCING INVESMENT OPPORTUNITY!!! 7 BUILDINGS, 10 TENANTS, 100% OCCUPIED COMMERCIAL OFFICE PARK*** Approximately 32,000 square feet of combined rental space on 3.5 acres(with room to add more buildings). $512,000 in annual rental income. Landlord pays $50,000 annually in taxes, lighting and maintenance expenses...tenants pay their own insurance. Most have 3 to 5 year leases that can be provided for review. Tenants not to be disturbed and include ESPN Sports Radio, FOX TV, AMI Store management, Pancare of FL, and many more. ***SELLER WILL CARRY A NOTE WITH 25% DOWN, 6% INTEREST RATE, ON A 25 YEAR AMORTIZATION WITH A 3-5 YEAR BALLOON. Contact listing agent for details

    Monthly Payment Calculator



    © 2019 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: 2019-11-22T00:03:49.093.
    www.scenicsir.com/homes/100334229

    704 W 23rd Street Panama City, FL 32405

    • Price: $4,950,000
    • Status: Active
    • Updated: 175 min ago
    • MLS #: 690188
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.5
    Acres
    32,000
    SQFT
    $155
    $/SQFT
    1987
    Built
    Neighborhood:
    No Named Subdivision
    County:
    Bay
    Area:
    Bay County-Central
    Elementary School:
    Northside
    Middle School:
    Jinks
    High School:
    Income Producing
    Property Description
    ***INCOME PRODUCING INVESMENT OPPORTUNITY!!! 7 BUILDINGS, 10 TENANTS, 100% OCCUPIED COMMERCIAL OFFICE PARK*** Approximately 32,000 square feet of combined rental space on 3.5 acres(with room to add more buildings). $512,000 in annual rental income. Landlord pays $50,000 annually in taxes, lighting and maintenance expenses...tenants pay their own insurance. Most have 3 to 5 year leases that can be provided for review. Tenants not to be disturbed and include ESPN Sports Radio, FOX TV, AMI Store management, Pancare of FL, and many more. ***SELLER WILL CARRY A NOTE WITH 25% DOWN, 6% INTEREST RATE, ON A 25 YEAR AMORTIZATION WITH A 3-5 YEAR BALLOON. Contact listing agent for details
    Exterior Features

    Construction Siding FrameRoof - MetalSiding - Stucco Construction Status Construction Complete Site Description Aerials AvailableSite - Strip Mall

    Interior Features

    Heating Cooling Ac - CentralHeat - Central Electric Sq Ft Office 32000.00 Sq Ft Total Building 32000.00 Sq Ft Work Area 32000.00

    Property Features

    Commercial Features Anchor TenantFreestanding BuildingFurnished - NoneKitchen AreaOffice AreaRestrooms - Private Commercial Sale Sub Type Bay Community Resort None Energy Ac - 2 Or MoreAc - Central ElectHeat - Central ElectricWater Heater - Electric Financing CashConventional Hoa Fee No List Class Commercial Occupancy Status Occupied Offering Type Real EstateSale OnlySale With Lease Present Zoning CityCommercial Sale Type As Is Utilities All MaintenanceAll UtilitiesPublic SewerPublic WaterYard Maintenance

    Listing provided courtesy of Coastal Sun Realty Llc. Listing information © 2019 Central Panhandle Association of Realtors MLS.


    © 2019 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: 2019-11-22T00:03:49.093.
     
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    Santa Rosa Beach FL, 32459