3510/ 3536 Saint John Street, Panama City, FL 32401
$6,243,750
Property Type:
Commercial for Sale
Square Footage:
33,060
Lot Size (sq. ft.):
121,968
Status:
Active
Current Price:
$6,243,750
List Date:
12/05/2025
Last Modified:
1/15/2026
Listing Details MLS# 782381
Contract Info
- List Price/SqFt
- 188.86
- Sub-Type
- Multi-Family
Location
- Area
- 02 – Bay County – Central
- Street #
- 3510/ 3536
- Street Name
- Saint John
- Street Suffix
- Street
- State
- FL
- Zip Code
- 32401
- County
- Bay
- Sub Area
- 0202 – Bay – Central SE
- Subdivision
- [No Recorded Subdiv]
- Community/Resort
- None
- Waterfront
- No
- Parcel ID
- 23388-000-000 & 23389-000-000
- Elementary School
- Cherry Street
- Middle School
- Everitt
- High School
- Rutherford
- Directions
- Follow US-98 E and US-98 BUS E to E 2nd St in Springfield. Take Kilbourn Ave to St John St. This property sits on 2 separate parcels separated by a small SFH.
- Legal Description
- 11 4S 14W -366.4- 118C4 BEG 787' N & 500' W OF SE COR OF SW1/4 OF SE1/4 TH W 285' S 256' E 285' N 256' TO POB ORB 4161 P 1823
General Property Info
- List Class
- Apartment
- Construction Status
- Construction Complete
- Acreage
- 2.8
- SqFt Tot Bldg
- 33060
- Year Built
- 1970
Multi-Family
- # of Units
- 50
Listing Info, Tax and Legal
- HOA Fee
- No
More Information
Remarks & Misc
- Remarks
- This 50-unit garden-style community delivers strong fundamentals and consistent performance, supported by a diverse unit mix of 8 one-bed, 20 two-bed, 12 three-bed, and 10 four-bed units. With 42 units renovated since 2020—featuring updated flooring, fresh paint, windows, and fixtures—the property offers modern appeal and reduced turnover risk. Additional income is generated through an on-site laundry facility, and a separate office building with storage provides valuable operational flexibility. Major capital improvements include new metal roofs, upgraded electrical panels, and multiple HVAC and water-heater replacements, minimizing near-term CapEx exposure. Steady occupancy and an assumable $4.57M, 3.75% fixed-rate non-recourse loan enhance the investment's strength in today's lending environment. Positioned near major retailers, schools, employment centers, and within minutes of Panama City Beach, the property sits in a high-demand rental corridor with long-term growth potential. A recent price adjustment further improves the opportunity for investors seeking stability and upside.
Other Structures
- Outbuilding
- Yes
- Storage
- Yes
Financing
- Other – See Remarks
- Yes
Association Amenities
- Laundry
- Yes
Sale Type
- As Is
- Yes
Floors in Unit/Home
- Two
- Yes
Property Features
Financing:
Other – See Remarks
Other Structures:
Outbuilding; Storage
Sale Type:
As Is
Listing Office:
Luxe Coastal Realty Group LLC
Last Updated: January – 15 – 2026
Information deemed reliable but not guaranteed.