2810 Hwy 77 A-B, Panama City, FL 32405
$1,540,000
Property Type:
Commercial for Sale
Square Footage:
11,800
Lot Size (sq. ft.):
37,462
Status:
Sold
Current Price:
$1,540,000
List Date:
3/03/2025
Last Modified:
5/23/2025
Listing Details MLS# 769692
Contract Info
- List Price/SqFt
- 135.59
- Sub-Type
- Office
Location
- Area
- 02 – Bay County – Central
- Street #
- 2810
- Street Name
- Hwy 77
- Unit #
- A-B
- State
- FL
- Zip Code
- 32405
- County
- Bay
- Sub Area
- 0201 – Bay – Central NE
- Subdivision
- [No Recorded Subdiv]
- Community/Resort
- None
- Waterfront
- No
- Parcel ID
- 12865-001-000
- Elementary School
- Hiland Park
- Middle School
- Mowat
- High School
- Bay
- Directions
- To reach this property from Panama City Beach, head east on US-98 E, then turn left onto FL-77 N (Martin Luther King Jr Blvd). Continue north for approximately 3 miles; the destination will be on your right.
- Legal Description
- 28 3S 14W -8.2- 104B ST AND BAY DEV CO PLAT BEG 95' E OF SW COR LOT 45 TH N 125' E 300' S 125' W 300' TO POB ORB 4116 P 2157
General Property Info
- List Class
- Commercial
- Construction Status
- Construction Complete
- # of Units
- 3
- Acreage
- 0.86
- Frontage Ft
- 125
- Lot Depth
- 300
- SqFt – Office
- 5000
- SqFt – Warehouse
- 6000
- SqFt Tot Bldg
- 11800
- Year Built
- 1983
- Ceiling Height
- 18
Status Change Info
- Under Contract Date
- 2025-03-13
- Sold Date
- 2025-05-21
- Sold Price/SqFt
- 130.51
- Sold Price/Acre
- 1790697.67
Income Producing
- Net Operating Income
- 153943
Listing Info, Tax and Legal
- HOA Fee
- No
More Information
Remarks & Misc
- Remarks
- Welcome to a lucrative investment opportunity in Panama City, FL. This prime commercial property at 2810 Hwy 77 offers a solid income stream with a favorable cap rate of 7.1%. With an occupied space and annual tenant income of $163,823 this property ensures long-term financial growth. Featuring two buildings (front 5,000 sf & back 6,000 sf) totaling 11,000 sq ft, this property houses thriving tenants including South Oak Title, Think Real Estate, and Mochas & Minis. The combined tenant income of $163,823 annually guarantees a steady cash flow. Strategically located on Hwy 77, this property enjoys excellent visibility and high traffic exposure, with consistent demand for commercial space. Close to amenities and businesses, it leverages the city's economic growth for maximum returns. With a competitive price, solid tenant base, impressive income, and favorable cap rate, this investment property offers exceptional value. Future appreciation enhance its long-term potential. In 2019 both buildings were remodeled with new roofs. Extensive modern buildout was completed for South Oak Title and Think Real Estate. All Ac units are less than 5 years old with (2) 5 ton units replaced in back building in June 2023. Don't miss out on this opportunity to acquire a fully occupied investment property.
Energy
- AC – 2 or More
- Yes
Present Zoning
- Commercial
- Yes
Utilities
- All Utilities
- Yes
Business/Property
- Freestanding Building
- Yes
- Furnished – None
- Yes
Floors in Unit/Home
- One
- Yes
Heating/Cooling
- AC – Central
- Yes
Transport. Access
- 4-Lane
- Yes
- Divided Highway
- Yes
Property Features
Energy:
AC – 2 or More
Present Zoning:
Commercial
Utilities:
All Utilities
Listing Office:
Counts Real Estate Group Inc
Last Updated: May – 23 – 2025
Information deemed reliable but not guaranteed.