221 E 23rd Street, Panama City, FL 32405 (MLS# 683535)

221 E 23rd Street, Panama City, FL 32405

$1,350,000

Property Type: Commercial for Sale Square Footage: 8,468 Lot Size (sq. ft.): 27,878 Status: Sold

Current Price: $1,350,000 List Date: 5/11/2019 Last Modified: 10/04/2024

Overview

Description

This is a medical office building with four units currently has all units rented. The units consist of doctors offices and three tenants have been in their location for extended periods of time. Suites C,D,E and F are month to month. Suite B has a 42 months +- remaining on the lease. Unit A has a 3 year lease.

Listing Details MLS# 683535

Contract Info

List Price/SqFt: 176.55
Sub-Type: Income Producing

Location

Area: 02 – Bay County – Central
Street #: 221
Street Direction: E
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: 12976-013-000
Section: 28
Township: 3s
Range: 14w
Elementary School: Hiland Park
Middle School: Jinks
High School: Bay
Directions: From Harrison Avenue and 23rd street proceed East to the above address. There is not a sign on the property
Legal Description: 28 3S 14W -107.12- 104B ST AND BAY DEV CO PLAT BEG 50' N & 115' E OF SW COR LOT 122 TH N 280' E 100' S 280 W 100' TO POB ORB 873 P 432 ORB 1484 P 1447

General Property Info

List Class: Commercial
Possession Date: immediate
Construction Status: Construction Complete
# of Units: 6
Site Dimensions: 280×100
Acreage: 0.64
Frontage Ft: 100
Lot Depth: 280
Lot SqFt: 27965.5
SqFt HVAC: 7820
SqFt – Office: 6969
SqFt Tot Bldg: 8468
Year Built: 1980
Ceiling Height: 8
SqFt Retail: 0

Status Change Info

Under Contract Date: 2023-08-16
Sold Date: 2023-10-02
Sold Price/SqFt: 159.42
Sold Price/Acre: 2109375

Business Only

Year Built: 1980
Building SqFt: 8468
Actual Gross Income: 104400

Office

Year Built: 1980
Building SqFt: 8468
Actual Gross Income: 104400
# of Units: 6

More Information

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: This is a medical office building with four units currently has all units rented. The units consist of doctors offices and three tenants have been in their location for extended periods of time. Suites C,D,E and F are month to month. Suite B has a 42 months +- remaining on the lease. Unit A has a 3 year lease.

Construction/Siding

Floor – Vinyl: Yes
Roof – Metal: Yes
Siding – Stucco: Yes

Energy

AC – 2 or More: Yes
Heat – Two or More: Yes
Water Heater – Electric: Yes

Financing

Cash: Yes

Present Zoning

Commercial: Yes

Utilities

All Utilities: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Sale Type

As Is: Yes

Business/Property

Freestanding Building: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Central: Yes
AC – HVAC: Yes
Heat – HVAC: Yes

Transport. Access

4-Lane: Yes
Center Turn Lane: Yes
Divided Highway: Yes
State Road: Yes

Property Features

Energy: AC – 2 or More; Heat – Two or More; Water Heater – Electric Financing: Cash Present Zoning: Commercial Sale Type: As Is Utilities: All Utilities; Public Sewer – Connected; Water Connected

Listing Office: Five Oaks Realty

Last Updated: October – 04 – 2024

Broker Attribution: 1@dwighthicks.com

Information deemed reliable but not guaranteed.