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1602 W 23rd Street, Panama City, FL 32405
$800,000
1602 W 23rd Street, Panama City, FL 32405View this property at 1602 W 23rd Street, Panama City, FL 32405
1602 W 23rd StreetPanama CityFL32405
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Property Description
Net Leased Investment Property. 23rd Street Retail Building, currently leased by Community Bank. The building features an attractive facade 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 BenefitsLong-term lease with stable, credit tenantLocated 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.
Full Property Details
Full Property Details for 1602 W 23rd St
General
- Sold For: $800,000
- Status: Closed
- Type: Retail
- MLS ID: 749206
- Added to Site: 201 day(s) ago
Location
- County: Bay
- Subdivision: St. Andrews Bay Dev. Co.
- Driving Directions: Located on the north side of W 23rd St. Between Frankford Ave to the west and Lisenby Ave to the East. The building is leased by Community Bank and is across from Sam's Club and Regal Movie Theaters.
School Information
- Elementary School: Northside
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
Structural Information
- Stories/Levels: 2
- Year Built: 2003
Lot Features
- Lot Size (Acres): 0.28
Financial Considerations
- Terms: Cash
Disclosures and Reports
- Legal Description: 30 3S 14W -133.5- ST AND BAY DEV CO PLAT COM INT OF SE R/W LINE FORTUNE AVE & N R/W 23RD ST E ALONG N R/W 23RD ST 233.40' FOR POB TH E 71.60' N 171.09' W 72.96' S 171.08' TO POB ORB 3326 P 1280
- Property ID: 13189-010-000
Listed by Five Bridges Real Estate Services Co. LLC
Sold by Coastal Property Services, Inc
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Schools
Schools serving 1602 W 23rd St
School District:Bay District Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2001 Northside Dr, Panama City, FL 32405 | PK-5 | 0.6 mi | |
600 W 11th St, Panama City, FL 32401 | 6-8 | 1.9 mi | |
1200 Harrison Ave, Panama City, FL 32401 | 9-12 | 2.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1602 W 23rd St
Date
Details
Price
Change
Source
5/08/2024
Sold
$800,000
-5.88%
MLS
11/13/2023
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1602 W 23rd Street, Panama City, FL 32405 (MLS# 749206) is a Retail property that was sold at $800,000 on May 08, 2024. Want to learn more about 1602 W 23rd Street? Do you have questions about finding other Retail 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.