Coastal Vibes Luxury Group

1602 W 23rd Street

Panama City , FL 32405

MLS#: 749206

$850,000

Status: Closed
Listing number: 749206
Listing provided by: Five Bridges Real Estate Services Co. LLC
Listing agent phone: None
Last update: a month ago
On site: 2 years ago
Browse Properties
St. Andrews Bay Dev. Co. - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

2003

Sq.Footage

N/A

Net Leased Investment Property. 23rd Street Retail Building, currently leased by Community Bank. The building features an attractive façade with large storefront windows facing 23rd Street, designed to catch eyes and attract customers. High ceilings create an expansive interior, providing for a two-story layout. These architectural elements not only add character but also offer the tenant versatility in utilizing the space. 10 surface parking spaces dedicated to the property are available. Moreover, the Tenant maintains an additional off-site parking agreement with neighboring Willow Lake Commercial Center that allows for expanded parking options, making it convenient for Community Bank employees and customers alike. Investment Benefits Long-term lease with stable, credit tenant Located on 23rd St Panama City's major retail and commercial stretch High-visibility with landmark retail neighbors. Upside with annual rent increase and net lease structure for pass thru of Operating Expenses.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.28

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $850,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Northside

  • Middle School

    Jinks

  • High School

    Bay

Property Features

  • Stories

    2

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Location

County

Bay

Elementary School

Northside

Middle School

Jinks

High School

Bay

Listing Courtesy of Kevin Wattenbarger , Five Bridges Real Estate Services Co. LLC

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Agent Emily Lewallen

REALTOR®

Emily Lewallen

Call Emily today to schedule a private showing.

(404) 319-0657

Emily@coastalvibeslux.com


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Net Leased Investment Property. 23rd Street Retail Building, currently leased by Community Bank. The building features an attractive façade with large storefront windows facing 23rd Street, designed to catch eyes and attract customers. High ceilings create an expansive interior, providing for a two-story layout. These architectural elements not only add character but also offer the tenant versatility in utilizing the space. 10 surface parking spaces dedicated to the property are available. Moreover, the Tenant maintains an additional off-site parking agreement with neighboring Willow Lake Commercial Center that allows for expanded parking options, making it convenient for Community Bank employees and customers alike. Investment Benefits Long-term lease with stable, credit tenant Located on 23rd St Panama City's major retail and commercial stretch High-visibility with landmark retail neighbors. Upside with annual rent increase and net lease structure for pass thru of Operating Expenses.

1602 W 23rd Street

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