See Home Value
$1,485,000 - $1,815,000
Commercial - Off Market

2810 Hwy 77 #AB

Panama City, FL 32405
bedrooms
Studio
bathrooms
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

2810 Florida 77 2810 Florida 77, Panama City, FL 32405
  • 1 Unit for Sale
More about this Building
2810 Florida 77
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About St. Andrews Bay


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