Active

1602 W 23rd Street

Panama City FL, 32405

$850,000


$305.65 per sqft

Active

2,781 sqft

Commercial

Built in 2003

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.

749206

MLS ID

November 13, 2023

Listed

February 16, 2024

Updated

Map

1602 W 23rd Street
Panama City FL, 32405

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.28 Acres

School Information

High School

Bay


Elementary School

Northside

Other Property Details

Area Name

02 - Bay County - Central


Garage

No


View

No


County

Bay


Pool

No

 

Courtesy of Five Bridges Real Estate Services Co. LLC, Kevin Wattenbarger,
Listing Contact: (850) 913-9133 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Peevy Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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