103 23Rd StPanama City, FL 32405

Property Details for 103 23Rd St

Year built

1989

Construction

STEEL FRAME

Lot size

2.77 AC

Property size (Sq ft)

16,057 SF

Zone code

PC09

Property type

Healthcare properties

Property subtype

Medical offices

APN

12978-000-000

APU

12978000000

Description

This exceptional 890-square-foot retail space is available for lease within the Coronado Shopping Center, situated on the bustling 23rd Street commercial corridor in Panama City, Florida. The property boasts a single-tenant occupancy and is located in a high-traffic area, benefiting from the established presence of popular anchor tenants such as Maharajas, Taziki's, and Granny Cantrell's, ensuring consistent foot traffic. The building is a single-story structure, offering convenient access and visibility. The property's address is 103 W 23rd Street, Panama City, FL 32405. This prime location presents a significant opportunity for businesses seeking to establish or expand their presence in a thriving commercial district. The property's convenient location and strong anchor tenants make it an ideal choice for a variety of retail businesses looking to capitalize on the high volume of pedestrian traffic. The lot size is not specified. The property's APN is 14189-045-000. This is a single-tenant space within a larger shopping center, offering a ready-made customer base and a strong sense of community. Interested parties should inquire for lease terms and conditions.

• CAP approach

  CAP return

  Valuation

  6%

  $2,937,798

  6.5%

  $2,711,814

  7%

  $2,518,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,141,492

  Geo Method

  $1,141,492

• Alternative Use

  Use

  Valuation

  Residential

  $3,362,649

  Hospitality

  $3,080,168

  Educational

  $2,562,664

  Medical

  $2,650,798

  Retail

  $3,986,366

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.1905

Longitude

-85.6575

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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