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1602 W 23rd Street

Panama City, FL 32405
  • $800,000
  • STATUS: Closed
  • ON SITE: 189 Days
  • MLS #: 749206
Sold - 05/08/2024
$800,000
SOLD - 05/08/2024
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2003
County:
Bay

School Information

Elementary School:
Middle School:
High School:
Bay

Description

Net Leased Investment Property. 23rd Street Retail Building, currently leased by Community Bank. The building features an attractive facade with large storefront windows facing 23rd Street, designed to catch eyes and attract customers. High ceilings create an expansive interior, providing for a two-story layout. These architectural elements not only add character but also offer the tenant versatility in utilizing the space.10 surface parking spaces dedicated to the property are available. Moreover, the Tenant maintains an additional off-site parking agreement with neighboring Willow Lake Commercial Center that allows for expanded parking options, making it convenient for Community Bank employees and customers alike.Investment BenefitsLong-term lease with stable, credit tenantLocated on 23rd St Panama City's major retail and commercial stretch High-visibility with landmark retail neighbors. Upside with annual rent increase and net lease structure for pass thru of Operating Expenses.

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© 2024 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Better Homes & Gardens Real Estate Emerald Coast. Data last updated: 2024-05-21T13:04:19.807.
www.bealocaldestin.com/homes/145219451
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1602 W 23rd Street Panama City, FL 32405

  • Price: $850,000
  • Status: Closed
  • On Site: 189 Days
  • Updated: 146 min ago
  • MLS #: 749206
0
Beds
0
Baths
0
½ Baths
0.28
Acres
2003
Built
Neighborhood:
St. Andrews Bay Dev. Co.
County:
Bay
Area:
Bay County-Central
Elementary School:
Northside
Middle School:
Jinks
High School:
Bay
Property Description
Net Leased Investment Property. 23rd Street Retail Building, currently leased by Community Bank. The building features an attractive facade with large storefront windows facing 23rd Street, designed to catch eyes and attract customers. High ceilings create an expansive interior, providing for a two-story layout. These architectural elements not only add character but also offer the tenant versatility in utilizing the space.10 surface parking spaces dedicated to the property are available. Moreover, the Tenant maintains an additional off-site parking agreement with neighboring Willow Lake Commercial Center that allows for expanded parking options, making it convenient for Community Bank employees and customers alike.Investment BenefitsLong-term lease with stable, credit tenantLocated on 23rd St Panama City's major retail and commercial stretch High-visibility with landmark retail neighbors. Upside with annual rent increase and net lease structure for pass thru of Operating Expenses.
Exterior Features

Levels Two Stories 2

Interior Features

Cooling Central Air Cooling YN Yes

Property Features

Association YN No Building Area Total 2781 Buyer Financing Cash Listing Agreement Exclusive Right To Sell Listing Terms Cash Occupant Type Occupied Possible Use Commercial Property Sub Type Retail Property Sub Type Additional Retail Waterfront YN No

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of Five Bridges Real Estate Services Co. LLC: (850) 913-9133. Listing information © 2024 Central Panhandle Association of Realtors MLS.


© 2024 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Better Homes & Gardens Real Estate Emerald Coast. Data last updated: 2024-05-21T13:04:19.807.
 
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