A Unique Investment Opportunity in Panama City

An investment opportunity with tremendous upside potential
Sponsor,
Photo Courtesy of Collis Thompson

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.

Contact information:
Jason Smoker, Managing Broker
Counts Real Estate Group, Inc.
Office: (850) 249-1414
Mobile: (850) 866-3848
Smoker@CountsRealEstate.com
CountsEmeraldCoast.com
21901 Panama City Beach Parkway, Panama City Beach

Categories: Just Listed

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