A Unique Investment Opportunity in Panama City
An investment opportunity with tremendous upside potential
The Comcast Building is an investment opportunity with tremendous upside potential. Offered at 8.45% cap rate based on 2019 net operating income of +/- $396,300. The tenant is responsible for paying all operating expenses associated with the property. This ideal location is near the markets of Panama City Beach and Panama City.
Listed Price: $4,689,000
Address: 4001 W. 23rd St., Panama City
Square Footage: 27,300
Year Built: 2009
Features: This 27,300-square-foot center offers frontage on 23rd Street, ample parking and additional storage in the rear of the property.
Appeal: Ideal location near the new flyover providing easy access to both the Panama City Beach and Panama City market — and 1 mile from FSU Panama City campus and Gulf State Community College.
Jason Smoker, Managing Broker
Counts Real Estate Group, Inc.
Office: (850) 249-1414
Mobile: (850) 866-3848
21901 Panama City Beach Parkway, Panama City Beach