1602 W 23rd Street, Panama City, FL 32405
$800,000
Property Type:
Commercial for Sale
Square Footage:
2,781
Lot Size (sq. ft.):
12,197
Status:
Sold
Current Price:
$800,000
List Date:
11/13/2023
Last Modified:
10/04/2024
Listing Details MLS# 749206
Contract Info
- List Price/SqFt
- 305.65
- Sub-Type
- Retail
Location
- Area
- 02 – Bay County – Central
- Street #
- 1602
- Street Direction
- W
- Street Name
- 23rd
- Street Suffix
- Street
- State
- FL
- Zip Code
- 32405
- County
- Bay
- Sub Area
- 0204 – Bay – Central NW
- Subdivision
- St. Andrews Bay Dev. Co.
- Community/Resort
- None
- Waterfront
- No
- Parcel ID
- 13189-010-000
- Elementary School
- Northside
- Middle School
- Jinks
- High School
- Bay
- Directions
- Located on the north side of W 23rd St. Between Frankford Ave to the west and Lisenby Ave to the East. The building is leased by Community Bank and is across from Sam's Club and Regal Movie Theaters.
- Legal Description
- 30 3S 14W -133.5- ST AND BAY DEV CO PLAT COM INT OF SE R/W LINE FORTUNE AVE & N R/W 23RD ST E ALONG N R/W 23RD ST 233.40' FOR POB TH E 71.60' N 171.09' W 72.96' S 171.08' TO POB ORB 3326 P 1280
General Property Info
- List Class
- Commercial
- Construction Status
- Construction Complete
- # of Stories in Building
- 2
- Acreage
- 0.28
- SqFt Tot Bldg
- 2781
- Year Built
- 2003
Status Change Info
- Under Contract Date
- 2024-05-08
- Sold Date
- 2024-05-08
- Sold Price/SqFt
- 287.67
- Sold Price/Acre
- 2857142.86
Listing Info, Tax and Legal
- HOA Fee
- No
More Information
Remarks & Misc
- Remarks
- Net Leased Investment Property. 23rd Street Retail Building, currently leased by Community Bank. The building features an attractive façade with large storefront windows facing 23rd Street, designed to catch eyes and attract customers. High ceilings create an expansive interior, providing for a two-story layout. These architectural elements not only add character but also offer the tenant versatility in utilizing the space. 10 surface parking spaces dedicated to the property are available. Moreover, the Tenant maintains an additional off-site parking agreement with neighboring Willow Lake Commercial Center that allows for expanded parking options, making it convenient for Community Bank employees and customers alike. Investment Benefits Long-term lease with stable, credit tenant Located on 23rd St Panama City's major retail and commercial stretch High-visibility with landmark retail neighbors. Upside with annual rent increase and net lease structure for pass thru of Operating Expenses.
Financing
- Cash
- Yes
Floors in Unit/Home
- Two
- Yes
Heating/Cooling
- AC – Central
- Yes
Property Features
Financing:
Cash
Listing Office:
Five Bridges Real Estate Services Co. LLC
Last Updated: October – 04 – 2024
Information deemed reliable but not guaranteed.