6710-6718 Cherry Street, Panama City, FL 32404

$1,099,500
Property Type: Commercial for Sale Square Footage: 6,750 Status: Active
Current Price: $1,099,500 List Date: 3/08/2026 Last Modified: 3/08/2026

Description

New Construction 5-Unit Townhome Investment Opportunity Near Tyndall Air Force Base Exceptional opportunity to purchase a newly constructed five-unit townhome building offering strong rental potential in a convenient Panama City location. Each individual townhome features 3 bedrooms, 2.5 bathrooms, approximately 1,300 square feet of heated and cooled living space, and an attached one-car garage, making these units highly attractive for long-term tenants or military housing demand. Each two-story unit welcomes you with a spacious entry featuring tall ceilings and a wide hallway that creates an impressive first impression. The main level offers an open-concept living, dining, and kitchen area with quartz countertops, stainless steel appliances, breakfast bar seating, and contemporary finishes. A half bathroom is conveniently located on the first floor for guests, and rear access leads to a covered patio space. Upstairs, the primary bedroom suite provides generous space with a walk-in closet featuring built-in shelving and a private ensuite bathroom showcasing custom tile work and an oversized shower. Two additional bedrooms, a full bathroom, and washer and dryer connections are also located on the second level for convenience. Community amenities include exterior maintenance and common area upkeep, supporting a low-maintenance ownership structure. Built with modern construction standards, these new construction homes may offer potential insurance and energy efficiency advantages compared to older housing stock. Buyers are encouraged to consult with insurance and utility providers for details. The property is conveniently located approximately 6.6 miles from Tyndall Air Force Base, 1.6 miles from Winn-Dixie, and 2.9 miles from Under the Oaks Park, with easy access to shopping, parks, and major roadways. Information is believed to be accurate but not guaranteed. Buyer to verify all measurements, features, and intended use.

More Information MLS# 786496

Contract Info

List Price/SqFt: 162.89 List Date: 2026-03-08 List Price: $1,099,500 Current Price: $1,099,500 Sub-Type: Multi-Family

Location

Sub Area: 0202 – Bay – Central SE Community/Resort: None Waterfront: No Elementary School: Callaway Middle School: Everitt High School: Rutherford Directions: From N Tyndall Pkwy, Head Sou on Us-98 E/N Tyndall Pkwy. Use left 2 lanes to turn left onto FL-22 E. Turn right onto N Berthe Ave. Townhomes located on the corner of Cherry St and Berthe Ave. Township: Panama City Area: 02 – Bay County – Central Street #: 6710-6718 Street Name: Cherry Street Suffix: Street State: FL Zip Code: 32404 County: Bay Subdivision: [No Recorded Subdiv] Parcel ID: 06829-000-000 Legal Description: CHERRY GROVE TOWNHOMES

General Property Info

List Class: Residential Income Site Dimensions: Irregular Acreage: 0 Immediate Occupancy: Yes Construction Status: Construction Complete SqFt – Office: 8507742832 SqFt Tot Bldg: 6750 Year Built: 2025

Listing Info, Tax and Legal

HOA Fee: Yes HOA Amount: 125 HOA Frequency: Monthly

Remarks & Misc

Remarks: New Construction 5-Unit Townhome Investment Opportunity Near Tyndall Air Force Base Exceptional opportunity to purchase a newly constructed five-unit townhome building offering strong rental potential in a convenient Panama City location. Each individual townhome features 3 bedrooms, 2.5 bathrooms, approximately 1,300 square feet of heated and cooled living space, and an attached one-car garage, making these units highly attractive for long-term tenants or military housing demand. Each two-story unit welcomes you with a spacious entry featuring tall ceilings and a wide hallway that creates an impressive first impression. The main level offers an open-concept living, dining, and kitchen area with quartz countertops, stainless steel appliances, breakfast bar seating, and contemporary finishes. A half bathroom is conveniently located on the first floor for guests, and rear access leads to a covered patio space. Upstairs, the primary bedroom suite provides generous space with a walk-in closet featuring built-in shelving and a private ensuite bathroom showcasing custom tile work and an oversized shower. Two additional bedrooms, a full bathroom, and washer and dryer connections are also located on the second level for convenience. Community amenities include exterior maintenance and common area upkeep, supporting a low-maintenance ownership structure. Built with modern construction standards, these new construction homes may offer potential insurance and energy efficiency advantages compared to older housing stock. Buyers are encouraged to consult with insurance and utility providers for details. The property is conveniently located approximately 6.6 miles from Tyndall Air Force Base, 1.6 miles from Winn-Dixie, and 2.9 miles from Under the Oaks Park, with easy access to shopping, parks, and major roadways. Information is believed to be accurate but not guaranteed. Buyer to verify all measurements, features, and intended use.

Association Fees Include

Ground Keeping: 1 Repairs/Maintenance: 1

Financing

Cash: 1 Conventional: 1

Utilities

Electricity – Connected: 1 Public Sewer – Connected: 1 Water Connected: 1

Floors in Unit/Home

Two: 1

Heating/Cooling

AC – Central: 1 Heat – Central Electric: 1

Multi-Family

# of Units: 5

Status Change Info

Status: Active

Property Features

Financing: Cash; Conventional Utilities: Electricity – Connected; Public Sewer – Connected; Water Connected
Listing Office: ERA Neubauer Real Estate Inc
Last Updated: March – 08 – 2026
Information deemed reliable but not guaranteed.