For Sale
$2,200,000

107 Amar PlPanama City Beach, FL 32413

Multi-tenant flex building, 8% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity in Panama City Beach, Florida, presents a 12,570 square foot, two-story multi-tenant industrial flex building situated on a 57,063.6 square foot lot. Built in 2006, this property boasts high-quality construction with modern office finishes. Currently operating at 100% occupancy, the building is subdivided into eight individual units, offering diverse income streams. The current tenant, Heritage Builders, occupies several suites which may be available to a new owner. A new roof was installed in 2023. Strategically located just off Highway 98, north of Miramar Beach/Miramar Heights, at the south end of Beach Commerce Park, this property enjoys excellent visibility and accessibility. Its proximity to the Panama City Beach Parkway further enhances its appeal. The asking price is $2,200,000, representing an attractive 8.00% cap rate. Note that a 10,000 square foot warehouse on an adjacent property is also available for lease. This presents a unique opportunity to acquire a well-maintained, high-performing asset in a thriving market. The property's strong tenancy and prime location make it an ideal investment for discerning buyers seeking stable income and potential for future growth.

Highlights

  • Multi-tenant flex building totaling 12,570 square feet.
  • Built in 2006.
  • High-quality construction with modern office finishes.
  • New roof installed in 2023.
  • 100% leased, eight individual units providing diverse income streams.
  • Excellent location in Beach Commerce Park, near Highway 98 and Panama City Beach Parkway.

Property Details for 107 Amar Pl

Property type
Specialty properties
Square Feet
12,570 SF
Year Built
2006
Stories
2

Location Insight

City
Panama City Beach
County
Bay
State
Florida
Latitude
30.2431263
Longitude
-85.9112071
107 Amar Pl, Panama City Beach, Florida

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107 Amar Pl
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