3712 3Rd StPanama City, FL 32401

Property Details for 3712 3Rd St

Year built

1942

Construction

STEEL FRAME

Lot size

0.11 AC

Property size (Sq ft)

3,300 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

23475-000-000

APU

23475000000

Description

This exceptional 1750-square-foot office space in Panama City, Florida, presents a unique opportunity for businesses seeking a versatile and adaptable workspace. Located at 3712 E 3rd Street, zip code 32401, this single-tenant property offers a blank canvas for customization. The space features a prominent storefront area, perfect for retail or client interaction, leading into a spacious open room ideal for various office configurations. Two smaller offices are situated at the front of the open area, providing private workspaces. A third office is conveniently located near the well-equipped kitchen, which includes ample supplies. The property boasts French double doors providing an alternative entrance to the open room. The leased space is completely independent from the rear portion of the building, ensuring privacy and exclusive use. The property's APN is 23475-000-000. This is a fantastic opportunity to establish a thriving business in a desirable Panama City location. The lot size is not specified.

• CAP approach

  CAP return

  Valuation

  6%

  $887,617

  6.5%

  $819,339

  7%

  $760,815

• Comparable approach

  Method

  Valuation

  Relative Method

  $591,184

  Geo Method

  $591,184

• Alternative Use

  Use

  Valuation

  Residential

  $691,143

  Hospitality

  $633,083

  Educational

  $526,718

  Medical

  $544,832

  Retail

  $819,339

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.1528

Longitude

-85.6114

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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