$1,600,000
bedrooms
0
bathrooms
0
square feet
0
Acreage
0.86
Open Houses
-
year built
1983
Full Baths
0
Half Baths
0
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 7.1%. With an occupied space and annual tenant income of $163,823 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 Mochas & Minis. The combined tenant income of $163,823 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.
Location | |
Subdivision | [no Recorded Subdiv] |
County | Bay |
Elementary School | Hiland Park |
Middle School | Mowat |
High School | Bay |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 769692
Listing agent:
Carl E Allen
#3168405
Listing broker:
Counts Real Estate Group Inc
(850) 249-3615
Copyright © 2025 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Tuesday, March 4 2025 at 3:58 p.m. EST
Kotohomes National
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