Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1968
Sq.Footage
54,027
+/-54,027 SF neighborhood shopping center situated on 5.18 acres on Hwy 231 in Panama City. This property benefits from access points on major arteries, Hwy 231 & Hwy 77 along with a separate lighted intersection at 19th St. The property is well positioned to meet the daily retail and service needs of nearby neighborhoods while benefiting from proximity to Bay County's healthcare and employment hubs. Currently 83.13% occupied, the center provides stable in-place income with additional upside through +/-9,114 SF of available office space. Panama City benefits from a diversified economic base supported by healthcare, tourism, retail, and military presence. Major employers such as HCA Florida Gulf Coast Hospital, Ascension Sacred Heart, and Tyndall Air Force Base provide a stable employment foundation that supports consistent consumer activity. +/-54,027 SF Neighborhood Shopping Center on +/-5.18 Acres 83.13% Occupied with Stable In-Place Income +/-9,114 SF Office Vacancy - Lease Upside Opportunity Multiple Access Points (Hwy 231, Hwy 77 & 19th Street) New Roof and HVAC installed 2019 Parking Ratio: 4.37:1000 Financials & Rent Roll Available Upon Request
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
5.18
-
Lot Size(square feet)
225640.8
-
Property Type
Commercial Sale
Price
-
Sales Price
$6,493,000
-
Sq. Footage
54, 027
-
Price/SqFt
$120
HOA
-
Association
No
School District
-
Elementary School
Oakland Terrace
-
Middle School
Jinks
-
High School
Bay
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Location
County
Bay
Elementary School
Oakland Terrace
Middle School
Jinks
High School
Bay
Listing Courtesy of Tammy R Huston , NAI TALCOR
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Nate Shand
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