1 /
6
Map
$1,485,000 - $1,815,000
●
Commercial -
Off Market
2810 Hwy 77 #AB
Panama City, FL 32405
Studio
0 Bath
About This Property
Welcome to a lucrative investment opportunity in Panama City, FL.
This prime commercial property at 2810 Hwy 77 offers a solid income
stream with a favorable cap rate of 7.5%. With an occupied space
and annual tenant income of $153,943, this property ensures
long-term financial growth.Featuring two buildings (front 5,000 sf
& back 6,000 sf) totaling 11,000 sq ft, this property houses
thriving tenants including South Oak Title, Think Real Estate, and
Xtreme Coastal Xtreme Athletics. The combined tenant income of
$153,943 annually guarantees a steady cash flow. Strategically
located on Hwy 77, this property enjoys excellent visibility and
high traffic exposure, with consistent demand for commercial space.
Close to amenities and businesses, it leverages the city's economic
growth for maximum returns.With a competitive price, solid tenant
base, impressive income, and favorable cap rate, this investment
property offers exceptional value. Future appreciation
enhance its long-term potential. In 2019 both buildings were
remodeled with new roofs. Extensive modern buildout was
completed for South Oak Title and Think Real Estate. All Ac
units are less than 5 years old with (2) 5 ton units replaced in
back building in June 2023. Don't miss out on this
opportunity to acquire a fully occupied investment property.
Unit Size
-
Days on Market
-
Land Size
0.86 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
-
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 14, 2024 | No longer available | - | |
No longer available | |||
Jul 13, 2023 | Relisted | $1,650,000 | |
Relisted | |||
Jun 17, 2023 | No longer available | - | |
No longer available | |||
Jun 1, 2023 | Listed | $1,500,000 | |
Listed |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
About St. Andrews Bay
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,799 /mo
- 3 Beds
- 2.5 Baths
- 1,553 ft²
$1,799 /mo
- 3 Beds
- 2.5 Baths
- 1,553 ft²