1337 19Th StPanama City, FL 32405

Property Details for 1337 19Th St

Year built

1998

Construction

WOOD

Lot size

0.52 AC

Property size (Sq ft)

1,936 SF

Zone code

PC11

Property type

Office properties

Property subtype

Other office properties

APN

13822-010-010

APU

13822010010

Description

This exceptional Panama City commercial property offers 3,850 square feet of versatile space, ideal for a variety of businesses. The property features a 1,600 square foot office area with a lobby, reception, three offices, breakroom, and restrooms. An equally sized 1,600 square foot heated and cooled warehouse is currently configured as a bullpen and three storage areas, easily adaptable to additional office space. An additional 650 square feet of upper-level storage provides ample room for inventory or archives. The warehouse is framed for a 16-foot roll-up door. The property also includes approximately a quarter-acre fenced lot, perfect for material storage or a laydown yard. This prime location in Panama City offers easy access to all parts of Bay County, with convenient proximity to Tyndall AFB (25 minutes), Lynn Haven (15 minutes), and Panama City Beach (15 minutes). Tenant improvement allowances are available with acceptable lease terms. The property is also available for sale. All information is believed to be accurate, but verification is recommended. This is a fantastic opportunity to secure a valuable location in a thriving market. The building is a two-story structure with a single tenancy. The property's APN is 13822-010-010.

• CAP approach

  CAP return

  Valuation

  6%

  $354,217

  6.5%

  $326,970

  7%

  $303,615

• Comparable approach

  Method

  Valuation

  Relative Method

  $137,630

  Geo Method

  $137,630

• Alternative Use

  Use

  Valuation

  Residential

  $405,442

  Hospitality

  $371,383

  Educational

  $308,986

  Medical

  $319,613

  Retail

  $480,646

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.1822

Longitude

-85.6827

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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