St. Andrews Bay Dev. Co.

    MLS Number: 749206
    Views: 8


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    1602 W 23rd Street
    Panama City, FL 32405
    Square Foot of House
    0
    Sq Ft
    Number of Beds
    0
    Beds
    Number of Baths
    /0
    Baths
    $850,000
     
     
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    St. Andrews Bay Dev. Co.
    MLS Number: 749206

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    Overstreet Realty
    427 W Oak Ave, Panama City, FL 32401
    850-763-4459

     

    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.

    Listing provided courtesy of Five Bridges Real Estate Services Co. LLC

     

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    • Architecture

      • Year Built: 2003
      • Stories: 2
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    • Interior Features

      • Square Footage: 0
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      • Waterfront: N/A
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      • HOA Includes:N/A
      • HOA FEE:N/A
      • HOA Payable:N/A
      • Elementary: Northside
      • Middle: Jinks
      • High: Bay

Current Data as of Sat Dec 2 9:31:03 CST 2023