114 S Highway 22 A 114 (1-8) & 118 (1-6), Panama City, FL 32404 (MLS# 790876)

114 S Highway 22 A 114 (1-8) & 118 (1-6), Panama City, FL 32404

New Listing

$1,750,000

Property Type: Commercial for Sale Square Footage: 13,768 Lot Size (sq. ft.): 28,314 Status: Active

Current Price: $1,750,000 List Date: 6/05/2026 Last Modified: 6/05/2026

Overview

Description

SUPER INCOME PRODUCING OPPORTUNITY – 14 Unit Apartment Complex (4 Buildings). GREAT VALUE ADD OPPORTUNITY. Centrally located between Tyndall Air Force Base and Panama City, and near Panama City Beach. Apartments breakdown includes 8 units at 800± Sq. Ft. with outside 64± Sq. Ft. laundry room and 6 units at 1,100± Sq. Ft. with indoor laundry. Recent improvements include new roofs in April 2026 on all buildings and freshly painted eves, soffits and entryways. The owners have taken special care with maintenance and repairs over many years of their ownership. All inspections and repairs reports, along with financial reports are available for review, with execution of a Non-Disclosure Agreement (NDA) by all prospective purchasers and their agents prior to releasing the reports and financial documents packages. All apartments are currently 100% occupied.

Listing Details MLS# 790876

Contract Info

List Price/SqFt: 127.11
Sub-Type: Multi-Family

Location

Area: 02 – Bay County – Central
Street #: 114
Street Direction: S
Street Name: Highway 22 A
Unit #: 114 (1-8) & 118 (1-6)
State: FL
Zip Code: 32404
County: Bay
Sub Area: 0202 – Bay – Central SE
Business Name: Bishop Apartments
Subdivision: Lakewood
Community/Resort: None
Waterfront: No
Parcel ID: 25010-008-000
Elementary School: Parker
Middle School: Everitt
High School: Rutherford
Directions: Bishop Apartment Complex is located near the southwest corner of Hwy 22A (Bob Little Road) and Cherry Street and south and adjacent to the Marathon Gasoline & Convenience Store, with alleyway access to the two buildings in the rear.
Legal Description: LAKEWOOD (4.10) MP 119A2 LOT 4,5,6 BLK 1 & PART OF VACATED ALLEY ORB 1934 P 2111

General Property Info

List Class: Residential Income
Construction Status: Construction Complete
# of Units: 14
# of Stories in Building: 2
Site Dimensions: 150 Ft. X 180 Ft.
Acreage: 0.65
Frontage Ft: 150
Lot Depth: 180
SqFt Tot Bldg: 13768
Year Built: 1984

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: SUPER INCOME PRODUCING OPPORTUNITY – 14 Unit Apartment Complex (4 Buildings). GREAT VALUE ADD OPPORTUNITY. Centrally located between Tyndall Air Force Base and Panama City, and near Panama City Beach. Apartments breakdown includes 8 units at 800± Sq. Ft. with outside 64± Sq. Ft. laundry room and 6 units at 1,100± Sq. Ft. with indoor laundry. Recent improvements include new roofs in April 2026 on all buildings and freshly painted eves, soffits and entryways. The owners have taken special care with maintenance and repairs over many years of their ownership. All inspections and repairs reports, along with financial reports are available for review, with execution of a Non-Disclosure Agreement (NDA) by all prospective purchasers and their agents prior to releasing the reports and financial documents packages. All apartments are currently 100% occupied.

More Information

Construction/Siding

Brick Veneer: Yes
Foundation – Slab on Grade: Yes
Wood/Frame: Yes
Roof – Composite Shngl: Yes
Siding – Stucco: Yes

Energy

AC – Central Elect: Yes
Heat – Central Electric: Yes
Water Heater – Electric: Yes

Financing

Cash: Yes
Conventional: Yes

Present Zoning

Resid Multi-Family: Yes

Association Amenities

Dumpster: Yes

Project Facilities

Security-Lights: Yes

Utilities

Electricity – Connected: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Floors in Unit/Home

Two: Yes

Heating/Cooling

AC – HVAC: Yes
Heat – HVAC: Yes

Offering Type

Real Estate: Yes
Sale Only: Yes

Pricing Type

Sale Price: Yes

Transport. Access

2-Lane: Yes
County Road: Yes

Property Features

Energy: AC – Central Elect; Heat – Central Electric; Water Heater – Electric Financing: Cash; Conventional Offering Type: Real Estate; Sale Only Pricing Type: Sale Price Present Zoning: Resid Multi-Family Project Facilities: Security-Lights Utilities: Electricity – Connected; Public Sewer – Connected; Water Connected

Listing Office: Counts Real Estate Group

Last Updated: June – 05 – 2026

Information deemed reliable but not guaranteed.