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$1,750,000 Just Listed

  • For Sale
  • Active
  • Commercial Multi-Family
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SUPER INCOME PRODUCING OPPORTUNITY - 14 Unit Apartment Complex (4 Buildings). GREAT VALUE ADD OPPORTUNITY. Centrally located between Tyndall Air Force Base and Panama City, and near Panama City Beach. Apartments breakdown includes 8 units at 800± Sq. Ft. with outside 64± Sq. Ft. laundry room and 6 units at 1,100± Sq. Ft. with indoor laundry. Recent improvements include new roofs in April 2026 on all buildings and freshly painted eves, soffits and entryways. The owners have taken special care with maintenance and repairs over many years of their ownership. All inspections and repairs reports, along with financial reports are available for review, with execution of a Non-Disclosure Agreement (NDA) by all prospective purchasers and their agents prior to releasing the reports and financial documents packages. All apartments are currently 100% occupied.

Full Property Details for 114 S Hwy 22 A #114 (1-8) & 118 (1-6)

General

  • Price: $1,750,000
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: Bay_County
  • MLS ID: 790876
  • Updated: 6/5/2026
  • Added to Site: 4 day(s) ago

Business

  • Name: Bishop Apartments

Additional Information

  • Security/Safety: Security Lights

Location

  • County: Bay
  • Subdivision: Lakewood
  • Driving Directions: Bishop Apartment Complex is located near the southwest corner of Hwy 22A (Bob Little Road) and Cherry Street and south and adjacent to the Marathon Gasoline & Convenience Store, with alleyway access to the two buildings in the rear.

School Information

  • Elementary School: Parker
  • Middle School: Everitt
  • High School: Rutherford

Community

  • Community Name: 02 - Bay County - Central

Heating & Cooling

  • Air Conditioning: Yes
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Utility Description: Sewer Available

Structural Information

  • Construction: Brick Veneer, Stucco, Wood Frame
  • Roof: Composition, Shingle
  • Stories/Levels: 2
  • Year Built: 1984
  • Other Struct. Feat.: Dumpster

Lot Features

  • Lot Size (Acres): 0.65
  • Lot Size (Sq. Ft.): 28,314
  • Lot Size: .65
  • Frontage: County Road
  • Zoning: Resid Multi-Family

Disclosures and Reports

  • Legal Description: LAKEWOOD (4.10) MP 119A2 LOT 4, 5, 6 BLK 1 & PART OF VACATED ALLEY ORB 1934 P 2111
  • Property ID: 25010-008-000

Listed by Counts Real Estate Group

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Listing agents

— 114 S Hwy 22 A #114 (1-8) & 118 (1-6) —

  • Counts Real Estate Group

  • Counts Real Estate Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 114 S Hwy 22 A #114 (1-8) & 118 (1-6)

School District:Bay County School District
NameGradesDistance
Parker Elementary School
640 South Highway 22 A, Panama City, FL 32404
PK-50.6 mi
Rutherford High School
1000 School Avenue, Panama City, FL 32401
6-81.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 114 S Hwy 22 A #114 (1-8) & 118 (1-6) Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/05/2026
Listed
$1,750,000
366.67%
MLS
3/21/2000
Sold
$375,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 114 S Hwy 22 A #114 (1-8) & 118 (1-6)

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,810
-5%
$343,756
-5%
2024
$5,050
-1%
$361,509
-4%
2023
$5,122
67%
$376,983
29%
2021
$3,065
-9%
$291,591
-14%
2022
$3,356
9%
$338,101
123%
2021
$3,065
78%
$151,768
-6%
2019
$1,719
-47%
$161,892
-46%
2018
$3,238
-5%
$300,073
-3%
2017
$3,416
-6%
$310,195
-3%
2016
$3,641
2%
$320,499
6%
2015
$3,572
-5%
$302,883
-5%
2014
$3,757
7%
$318,954
-4%
2013
$3,518
—
$331,818
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Counts Real Estate Group

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114 S Highway 22 A #114 (1-8) & 118 (1-6), Panama City, FL 32404 (MLS# 790876) is a Commercial Multi-Family property. 114 S Highway 22 A #114 (1-8) & 118 (1-6) is currently listed for $1,750,000 and was received on June 05, 2026. Want to learn more about 114 S Highway 22 A #114 (1-8) & 118 (1-6)? Do you have questions about finding other Commercial Multi-Family real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

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