2420 Jenks AvePanama City, FL 32405

Property Details for 2420 Jenks Ave

Year built

1999

Property size (Sq ft)

22,000 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a fully leased, multi-use professional center totaling 22,000 square feet, strategically located in Panama City, Florida, at 2420 Jenks Ave, 32405. The property, classified as a Class B office building, boasts a desirable location near the intersection of 23rd Street and Jenks Avenue, ensuring high visibility and accessibility. Constructed in 1999, the complex comprises three buildings: two 8,000 square foot structures and one 6,000 square foot building, catering to diverse professional needs, including executive, medical, and traditional office spaces. The property is currently 100% leased, generating a strong 7.45% capitalization rate. Recent improvements include new roofs installed in 2022, enhancing the long-term value and minimizing future maintenance costs. The asking price is $4,000,000, translating to $181.82 per square foot. Bay County Parcel IDs 13016-122-000 and 13016-122-070 further identify this attractive investment. Owner financing is available, making this a compelling proposition for discerning investors seeking a stable, high-yield asset in a thriving Florida market. This turnkey operation requires minimal management, offering immediate cash flow and significant potential for future appreciation.

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.1915

Longitude

-85.662

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