Find Your Emerald Coast Home Live the Gulf Life!

2505 W 15TH Street

Panama City , FL 32401

MLS#: 674270

$4,250,000

Status: Closed
Listing number: 674270
Listing provided by: Counts Real Estate Group Inc
Listing agent phone: None
Last update: a month ago
On site: 7 years ago
Browse Properties
No Named Subdivision - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1941

Sq.Footage

N/A

Investment Opportunity! 100% occupied office building for sale. The credit tenants include two state agencies; The Department of Education, The Department of Children & Families and another national credit tenant ''National Coating Systems, Inc.'' Approximately 27,313 square feet on +/-2.92 acres. Centrally located in Panama City on West 15th Street (a/k/a ''U.S. Highway 98'') with frontage from the corner of Hickory Avenue to Foster Avenue. The net operating income is $360,809, which equates to an 8.5% cap rate at the list price and current income. Call for details.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Paved

  • Pool

    No

Area & Lot

  • Lot Features

    Landscaped

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $4,250,000

  • Zoning

    Commercial, City

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Oakland Terrace

  • Middle School

    Jinks

  • High School

    Bay

Property Features

  • Sewer

    Public Sewer

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Location

County

Bay

Elementary School

Oakland Terrace

Middle School

Jinks

High School

Bay

Listing Courtesy of Chris S McCall , Counts Real Estate Group Inc

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Agent Opey Russ

Broker

Opey Russ

Call Opey today to schedule a private showing.

(850) 699-1996

Opey@GulfLifeGo.com


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Investment Opportunity! 100% occupied office building for sale. The credit tenants include two state agencies; The Department of Education, The Department of Children & Families and another national credit tenant ''National Coating Systems, Inc.'' Approximately 27,313 square feet on +/-2.92 acres. Centrally located in Panama City on West 15th Street (a/k/a ''U.S. Highway 98'') with frontage from the corner of Hickory Avenue to Foster Avenue. The net operating income is $360,809, which equates to an 8.5% cap rate at the list price and current income. Call for details.

2505 W 15TH Street

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