1000 23Rd StPanama City, FL 32405

Property Details for 1000 23Rd St

Year built

2004

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

6.80 AC

Property size (Sq ft)

32,920 SF

Zone code

PC09

Property type

Retail properties

Property subtype

Retail space

APN

14405-000-000

APU

14405000000

Description

The Shoppes at Panama City offers exceptional retail opportunities in a vibrant location. This multi-tenant center boasts a total of 61,221 square feet, with 10 individual suites. Currently, 5,467 square feet are available, divisible into spaces ranging from a minimum of 1,600 square feet to a maximum contiguous space of 1,867 square feet. The property enjoys a prime location adjacent to Panama City Mall, ensuring high visibility and foot traffic. Benefit from the synergy of established national tenants such as Best Buy, America's Best Contacts & Eyeglasses, and Moe's Southwest Grill. This attractive lifestyle center offers a compelling mix of retail, entertainment, and dining options, catering to both local residents and the significant tourist population. The Shoppes at Panama City is further enhanced by its proximity to numerous other retail stores, restaurants, and over a dozen hotels, all within convenient walking distance, creating a thriving and densely populated commercial environment. This presents a unique opportunity for businesses seeking high-traffic exposure and a strong customer base in a dynamic and established retail hub. The available space is ideal for a variety of retail concepts, restaurants, or other commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $8,853,941

  6.5%

  $8,172,868

  7%

  $7,589,092

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,897,512

  Geo Method

  $5,897,512

• Alternative Use

  Use

  Valuation

  Residential

  $6,894,120

  Hospitality

  $6,314,977

  Educational

  $5,253,987

  Medical

  $5,434,680

  Retail

  $8,172,868

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.1885

Longitude

-85.6444

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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