$1,600,000
For Sale

2810 Hwy 77 #A-B

Panama City, FL 32405
Browse 6 photos
Type:Purchase
Structure:Office
Zone:Commercial

Description

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.

  • Property Details
      • Subdivision[No Recorded Subdiv]
      • Elementary SchoolHiland Park
      • Property TypePurchase
      • Cost1600000
      • MLS #769692
      • Property SubtypeOffice
      • MLS #769692
      • Middle SchoolMowat
      • Acres0.86
      • Year Built1983
      • High SchoolBay
      • CountyBay
      • Days on Market (Cumulative)3

Location

Donna HarrisReal Estate Group

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$12,183.53
Loan Amount
$1,440,000.00