Welcome to an exceptional investment opportunity in the thriving multifamily sector--a 50-unit garden-style apartment community now available for sale. This meticulously maintained property is perfectly poised for the discerning investor seeking both stability and growth potential. Comprised of a diverse mix of units, the community offers 12 one-bedroom, 22 two-bedroom, 18 three-bedroom, and 8 four-bedroom apartments, catering to a wide range of tenants. With 42 of the units elegantly renovated since 2020, residents enjoy modern amenities and finishes, including composite flooring, fresh interior paint, and updated windows. Significant capital improvements have been made to ensure long-term durability and reduced maintenance costs, such as all-new metal roofs and substantial replacements of HVAC systems and hot water heaters. The property also boasts new breaker panels and exterior electric panels, further enhancing its modern appeal and efficiency. Achieving a remarkable 95% occupancy rate, this community is a proven performer in the rental market. Additionally, a $4.57 million fixed-rate, 3.75% assumable non-recourse financing offers a competitive edge, making this an even more attractive investment. Don't miss the chance to acquire a multifamily asset with significant improvements, strong occupancy, and favorable financing--an ideal addition to any real estate portfolio.
Discover an exceptional investment opportunity with this fully renovated, multifamily apartment community situated on a prime waterfront location. Boasting 34 units, this property seamlessly integrates residential living with marina access, featuring a 22-slip marina ideal for water enthusiasts. The community offers a diverse mix of unit configurations, including 12 one-bedroom units, each 650 sq. ft., and 22 two-bedroom units, each 920 sq. ft., designed for comfortable, modern living. Recent renovations in 2020 have transformed 22 of these units down to the ''studs,'' bringing them up to contemporary standards with high-quality finishes. New roofs and mechanicals provide peace of mind, while stainless appliances and composite floors enhance the style and functionality of each living space. Every unit features new interior sheet rock, insulation, siding, windows, and doors, all compliant with the 2019 Miami / Dade FL Building Code. Currently 100% occupied, the property is a beacon of stability and profit potential. With $4.4 million in fixed-rate 3.75% assumable, non-recourse financing available, this is a rare chance to secure a prime asset in a sought-after location with immediate cash flow. Don't miss the opportunity to own this unique, garden-style apartment community that combines luxury living with waterfront charm.
Versatile +/-2700 SF free standing commercial building with on-site parking lot and located in historic downtown Panama City. Property is within walking distance to Hotel Indigo, local dining establishments, retail shops, galleries, area attractions and numerous business offices. The interior is in second generation shell condition and will require buildout.
This commercial space is perfect for many things! Some approved ideas from the city are catering/delivery business, food truck prep and commissary, bail bonds company, flower shop, cheer/tumble/ choreography practice room, butcher/meat processor, office space, laundromat, beauty salon/barber shop. The front half of this Mixed-Use building is approximately 1750 square foot of store front, office space, kitchen with tons of supplies, and a big open room for your needs. You can enter through the front of the building into a store front area, or through the French double doors on the left side of the building into the open room. The open room has two office spaces on the front side of the property. There is a third office just behind the store front area, heading into the kitchen space. The front half of the building is completely closed off from the back half of the building, but can easily be converted to be accessible if desired. The back half of the building is approximately 3800 square foot of warehouse, office space, kitchen, and a prep space for your needs. As you enter the building from the Claire Ave side, you walk into the prep space area. Continuing in, you will see the huge walk in freezer ahead, and the kitchen entrance to the right. There are two office spaces upstairs, as well as a loft/storage space. This property has a massive walk in refrigerator with three showcase doors for easy access. The oversized rolling utility door adds ease for bringing in large supplies. There is a documented rental income for the last three years for $5000 per month on the back and $1400 per month on the front. Call your favorite Realtor today to schedule your tour!
'Bristol Harbor Marina' located in the heart of revitalized downtown Panama City, FL. This 49 slip passive income boutique marina presents a prime opportunity to own a thriving marina with excellent access to the Gulf, via nearby Saint Andrews Inlet. The marina features newer fixed piers, electrical, water, pump out at every slip, gated, security, commercial office and retail, parking, and outdoor covered pavilion. Its close proximity to revitalized downtown Panama City and convenient direct access to the pass and Gulf ensures a consistent demand for slip occupancy. Recognized as a 'Resilient Marina' by the Florida Department of Environmental Protection, Bristol Harbor boasts the highest ranking for environmental sustainability and resilience. The marina is home to several commercial and recreational charter operations, further enhancing its appeal and visibility. Buyers have the opportunity to expand the business further by increasing rates and focusing on long term commercial tents. In addition to the marina, this offering includes a recently renovated 3-suite office building on site. The offices are leased through 2025 providing additional cash flow.
3/17/25 Newly painted exterior and interior! Prime commercial location in the heart of one of Panama City's most sought after areas... The Cove. Less than 1,500 ft. from Cove Blvd and only 125 ft. from Cherry St, the location for your next business here in the Cove is perfect. Completely renovated after Hurricane Michael, this 1,938 sq.ft. building is move in ready. Post Hurricane updates include: New roof and trusses, new windows, new doors, and new stucco. With 12-16 ft ceiling heights, the interior feels much larger. In addition, every 4 feet the exterior walls were poured with concrete and rebar reinforcement.
The new owners have rebuilt Sun Harbor Marina on St. Andrew Bay. Located on the east end of the Hathway Bridge adjacent to the Port of Panama City. The two-story restaurant space is now available for lease. The framing is completed and the landlord plans to deliver a 'vanilla-shell' space per the attached plans. The monthly rent is $5,000 NNN, plus operating expenses, and 7% of annual gross sales in excess of $857,413. The tenant improvements are negotiable and the landlord will finish-to-suit. The space is designed to have the main dining room and kitchen on the second floor with additional seating on the wrap around outdoor decks. The first floor includes additional bars, seating, entertainment, bathrooms and storage areas. The second floor is accessed via an ADA ramp. The most incredible views all year. Easy access and plenty of parking. A roof-mounted sign would be visible from the Hathaway Bridge and St. Andrew Bay. Sun Harbor Marina is home to the Schooner Columbia and the boat slips are now leasing. The fuel dock is also open. This location will have tremendous visibility and a lot of traffic by boaters, too. Call for further details and to setup a tour.
This well-established Panama City business started in 1964. This open workshop has provided tires and automobile repair. The sale of this business includes four vehicle lifts and office furniture. FDOT has purchased the front parking lot, but the shop has been a staple in the property and offers ample parking space in the back of the business. All measurements are estimated from the Bay County property appraiser's office. Please refer to the property appraisers map for updated property lines.
Prime unique location/opportunity. This is the only privately held building on FSU/GCSC campus in an ideal location within 1/4mile of port PC, naval base & both college campuses. Imagine the possibilities. Owner may consider subdividing office space but prefers to lease the entire property. Ample parking, elevator, ADA compliant and 2 handicap parking spots. Multi year lease preferred, 1 year min lease.
Best set-up in town! Offices & Warehouse Zoned GC2 updated inside out and new metal roof, all updated. The Building Offices has been completely redone with two offices to use or rent and 3 bathrooms one with shower. Plenty of warehouse space in back with large role-up door 12ft Hight 11ft wide and also a Reg back door. Through driveway with gates on both sides and with the big lot next door for plenty of parking or you can build out the warehouse for more offices. This would be great for a professional office or a construction or material company that needs offices, storage space and parking. This is a must-see property and move-in ready. Also, it has a 3-year-old 8ft+4Ft electric sign. Property owner is also a license real estate broker and has interest in property. If important all information should be verified.
Welcome to a Turnkey Investment Opportunity!This fully remodeled property at 116 Springfield Ave offers six detached single-family units, each featuring one bedroom, one spacious bathroom, a living area, and a kitchen. These units, completely updated in 2021, are fully occupied and generating $61,500 in annual gross income with rent rolls available. The updates include new (2021) 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, paint, and luxury vinyl plank flooring, as well as new kitchen cabinets and countertops. Each unit is individually metered for water and electricity, ensuring efficientmanagement. This property is an excellent addition to any investment portfolio. As an added bonus, the adjacent cleared lot (Parcel ID 24228-005-000) with mixed-use zoning is also listed for sale at 65,000, (MLS 766435) providing an ideal opportunity for additional development or other creative uses. Schedule your private showing today with your preferred real estate professional!
Nestled on one of the most sought-after streets in the historical St. Andrews area of Panama City, this two-bedroom home offers a perfect blend of charm and modern updates. Zoned Mixed Use-2, just a short stroll to the gorgeous Oaks By the Bay Park and the vibrant shops, restaurants, and coffee spots on Beck Avenue, this location screams convenience and fun. Make this property your home or professional office! Did you know St. Andrews is not only steeped in history, but is also a golf cart-friendly community? Cruise to the farmers market or enjoy sunset views in style! Inside, the home boasts a massive primary suite with a spa-like bathroom and a huge walk-in closet. The spacious living room flows effortlessly into the dining area and chef's kitchen with a gas stove and sleek finishes perfect for culinary adventures. Upstairs features an additional bedroom with an en-suite bathroom and another walk-in closet. You'll love the two sunrooms in this house! One in the front as you walk in and another on the back of the home overlooking the pool. Outside, you'll find a dreamy oasis: a sparkling salt water pool surrounded by pavers, plenty of space to relax, and fruit trees for your own backyard harvest. With updates like a tankless water heater, newer roof, and new electrical panel, this home is as practical as it is unique. Don't miss out on living in the heart of St. Andrews, where charm, convenience, and lifestyle come together!
Prime Commercial Property located in the heart of Panama City! This versatile property spans 0.33 acres and features two distinct buildings offering incredible investment potential. The first building is a 1,976 sq. ft. restaurant with an approx. 1,242 sq. ft. apartment upstairs, perfect for generating additional rental income or owner-occupied use. The second building is a renovated 1,262 sq. ft. office/retail space, ideal for professional services, boutique retail, or other business ventures.Zoned GC-2 (General Commercial-2), this property is situated within a district designed for neighborhood commercial activities, including retail, professional offices, and service-oriented businesses. With an Annual Average Daily Traffic count of 18,100, your business will benefit from excellent visibility and easy accessibility.Whether you're looking for an investment opportunity or a versatile property for your business, this location offers a unique combination of space, zoning flexibility, and income potential. Don't miss the chance to own this exceptional property in Panama City!
Very Rare manufacturing Facility in Downtown Panama City, with adjacent Laydown Yard with multiple access points. The building is 7,530 +/- SF, there are three roll up doors two that are 12x12 and one that is 12x14. The building has three offices and a reception area, three phase power is available and the building is concrete block construction. The building is located in the Downtown Panama City Social District and is zoned light manufacturing. There is a second-floor mezzanine in the building that can be used for storage, the square footage of the mezzanine is not included in the square footage of the building.
Freshly renovated office building in the heart of the business district of central Panama City! New paint and new vinyl plank flooring. With two private offices, one great room that could also be used as a lobby, a kitchenette, storage area, and a full bathroom with a shower, this would be an ideal setup for a small business or co-working space. Access to additional parking in the backyard through the back alley! Additional storage available in the outdoor shed. Don't miss out on this exciting opportunity, call today!
Prime Medical Office Building for Sale Near Ascension Sacred Heart Hospital-100% Leased!!Discover a lucrative investment opportunity with this exceptional 4,800 sq ft medical office building, strategically located steps from Ascension Sacred Heart Hospital. Recently built, this modern facility features a thoughtful site plan that caters to a variety of medical practices and is currently leased to reputable tenants. If important, 2400 sq ft could be made available fairly quickly if needed.There are two mirrored sides, maximizing functionality and flow.Current Use is as fully leased medical offices with reliable lease agreements in place.Built in 2020, showcasing contemporary design and infrastructure.Ample parking available for staff and patients.Easy access to major highways 231, 77, and 98, ensuring efficient transportation for patients and staff.This property presents a solid investment opportunity in a major medical hub, providing both immediate rental income and long-term potential for appreciation.Don't miss out on this chance to own a state-of-the-art medical office building in a prime location. Contact us today for more information or to schedule a viewing!Listing includes 4 parcels including 20364-000-000, 20365-000-000, 20366-000-000 and 20367-000-000.
This is a muti-use Commerical property. which can be used for a retail store (which was there prior to current owners' possession), also you can have a full-service Beauty Salon and or a Barber Shop, Lawn service, Daycare and unlimited opportunity. The last 20 years it has been used for commercial janitorial cleaning service & sales. This 1150sq ft building features owners' space with full bathroom inside if you decide to live on site! and plenty of storage space to run your business. This well maintain building also has storm shutters, Adt alarm (which new owner will need to connect) another full bathroom, metal roof, washer and dryer hookup in its separate space, 9 ft ceiling though out building. and the outside feature an 8ft privacy gate that was install in 2023 and a black chain link fence.Information provided is deemed reliable but is not guaranteed and should be independently verified by buyer.
Property Type: Commercial OfficeLocation: 1148 Jenks Ave, Panama City, FL 32401Square Footage: 1900Zoning: CommercialIncome-Producing: YesOffices: 6Bathrooms: 2This prime commercial office space located in the heart of Panama City presents a fantastic investment opportunity. Positioned at 1148 Jenks Ave, this property is not only well-maintained but is also income-producing, with established tenants providing consistent cash flow.Property Features:Spacious office layout designed for a variety of professional usesAmple on-site parking available for both tenants and clientsConvenient access to major roads and downtown Panama CityAttractive, well-maintained exterior and professional curb appealInvestment Highlights:Income-Producing: Leased by reliable tenants, this property offers an immediate revenue stream.Prime Location: Centrally located in Panama City's business district, making it desirable for current and future tenants.Growth Potential: As the city continues to expand and develop, the value of this property is poised for appreciation, offering long-term investment potential.This commercial office building is an excellent turnkey investment for anyone looking to add a hassle-free, income-generating property to their portfolio. Don't miss out on this opportunity to own a valuable piece of real estate in Panama City's growing market!
COMPLETELY UPDATED MEDICAL BUILDING DIRECTLY ACROSS THE STREET FROM ASCENSION SACRED HEART HOSPITAL WITH HIGH TRAFFIC COUNT! This medical building consists of two separate buildings that can each accommodate medical offices, and the second building also has an additional private office and apartment. The main building with approximately 3,864 SF features a reception area with large waiting room, six exam rooms, five offices, a medical supply/surgery room and two bathrooms. The second building has approximately 3,268 SF that includes a reception office and waiting area, four exam rooms, surgical room, large office and 2 bathrooms. As part of this building, there is also a separate private office with its own entry and bathroom, as well as a two-bedroom apartment at the west end of the building that would be perfect for traveling personnel. All exam rooms have been plumbed with sinks, and the buildings have both 220 and 110 electric. These offices are all move-in ready!!
1.43 High Traffic Corner location, property has 30,000 SF building on it with tenant until April 2026, ( new owner will receive rent at around $15k monthly) at which time the State will remove building within 60 days and it will be a clean pad site with access from Hwy 98 and Florida Place, major intersection with traffic signal
This property in downtown Panama City presents an exceptional opportunity for aspiring business owners. With its prime location and versatile layout, it offers numerous possibilities for various business ventures. Key features of this property include: Prime Location: Situated in downtown Panama City, the property enjoys high visibility and accessibility, making it an ideal spot for attracting customers and clients. Ample Parking: The large parking lot with space for approximately 20 cars ensures convenience for both customers and employees, enhancing the appeal of the property. Versatile Layout: With 5 office spaces, a bathroom with a shower, and plenty of indoor storage space, the property offers flexibility to accommodate different types of businesses. Previous Usage: The property has a history of successful use as a dental clinic, jewelry store, and most recently, a barber shop. This diverse background highlights its adaptability to various business concepts. Included Equipment: The conveyance of barber chairs and equipment adds value to the property, especially for entrepreneurs looking to establish a salon or similar business. The metal roof, installed in 2018, enhances the property's durability and energy efficiency, offering peace of mind to potential buyers. Potential business options for this property include: Office Space: Utilize the office spaces for professional services such as consulting firms, law offices, or real estate agencies. Boutique Storefront: Transform the property into a trendy boutique offering clothing, accessories, or specialty items. Salon or Spa: Capitalize on the existing amenities and equipment to create a stylish salon or spa catering to beauty and wellness services. Other Retail Ventures: Explore possibilities for retail ventures such as a gift shop, art gallery, or specialty food store. Overall, this property presents a compelling opportunity for entrepreneurs seeking a prime location and versatile space to establish their business in downtown Panama City. Interested parties are encouraged to explore this opportunity further to unlock its full potential.
This stunning commercial office space, located in the heart of downtown and adjacent to the courthouse, is now available for sale. The property has undergone a complete renovation from top to bottom, offering a modern and professional environment perfect for businesses of all sizes.Key Features:Five Private Offices: Each office is designed with functionality and style in mind, providing ample space for productivity and comfort.Conference Room: A spacious conference room is available, ideal for meetings, presentations, and collaborative work.Prime Location: Situated in the bustling downtown area, the property is just steps away from the courthouse, making it an ideal location for legal firms, consulting agencies, or other professional services.Completely Renovated: Every inch of this office space has been meticulously upgraded, including new flooring, lighting, HVAC systems, and high-end finishes throughout.This property is a rare find in such a sought-after location. Whether you're looking to expand your business or make a strategic investment, this commercial office space offers unparalleled value and convenience.
Seize the opportunity to own a premier commercial property situated on a high-traffic corner lot along the bustling Highway 98 in Panama City. With 125 feet of prime frontage and a substantial property depth of 300 feet, this CG-2 zoned lot is located in one of the highest volume traffic count areas, boasting an average daily traffic count of close to 40,000. The site covers a little under 1 acre and offers unparalleled visibility and accessibility for any business. The property features a well-appointed lounge interior with a stunning 30-foot solid wood bar that is stained, sealed, and fully equipped with all necessary amenities. The inviting bar area is complemented by an assortment of stools, chairs, and tables, as well as seven TVs of various sizes, and bar equipment, making it ideal for a vibrant social setting. The exterior deck area, spanning 1,184 square feet, offers a versatile space for outdoor events or dining. This property also boasts modern infrastructure with significant recent upgrades: the roof was replaced in 2018, one air conditioning unit was replaced in 2021, and the other in 2023. Additionally, the main waterline and sewer line to and from the building were replaced in 2022. This could be an unbelievable redevelopment site, as the majority of the property is cleared. Perfect for retail, office, or service-oriented businesses seeking a high-profile location with substantial amenities, this is a prime opportunity to enhance your business presence in a thriving commercial area.
Great mixed use property. This is currently a salon and will convey all salon furniture but would make a great office for a lawyer, accountant, etc. Right off Jenks near downtown.
Discover the potential of this prime commercial property, zoned General Commercial, perfectly suited for high-intensity commercial development. Located in a thriving area as outlined in the City of Springfield Comprehensive Plan, this property is ideal for various uses including retail sales, services, wholesale sales, shopping centers, office complexes, and more.Spanning 0.404 acres, this property offers ample parking space and convenient access from Hwy Bus 98 and Springfield Ave. With approximately 236 feet of frontage on Hwy Bus 98, visibility and accessibility are unparalleled.While the existing structure requires attention and is being sold as-is, it presents a great opportunity for redevelopment. The building features durable concrete block exterior walls and offers 3,905 heated square feet (please verify if important).Unlock the potential of this versatile property and be a part of Springfield's vibrant commercial growth.
Andrea Conner, License #BK3437731, Xome Inc., License #1043756, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Central Panhandle Association of Realtors® Multiple Listing Service, Inc. – All Rights Reserved.
Andrea Conner, License #BK3437731, Xome Inc., License #1043756, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Emerald Coast Association of REALTORS® - All Rights Reserved. Vendor Member Number 28170
The median home value in Panama City, FL is $250,000. This is lower than the county median home value of $347,000. The national median home value is $338,100. The average price of homes sold in Panama City, FL is $250,000. Approximately 49.2% of Panama City homes are owned, compared to 40.89% rented, while 9.91% are vacant. Panama City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Panama City real estate agent to arrange a tour today!
Panama City, Florida 32401 has a population of 34,521. Panama City 32401 is less family-centric than the surrounding county with 25.35% of the households containing married families with children. The county average for households married with children is 27.71%.
The median household income in Panama City, Florida 32401 is $51,569. The median household income for the surrounding county is $60,473 compared to the national median of $69,021. The median age of people living in Panama City 32401 is 39.2 years.
The average high temperature in July is 90 degrees, with an average low temperature in January of 42 degrees. The average rainfall is approximately 59.8 inches per year, with 0 inches of snow per year.