200 6Th StPanama City, FL 32401

Property Details for 200 6Th St

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.44 AC

Property size (Sq ft)

2,814 SF

Zone code

PC10

Property type

Gas stations

APN

19764-000-000

APU

19764000000

Description

This exceptional 2,814-square-foot commercial property, located in Panama City's vibrant historic downtown district, presents a unique investment opportunity. The building is a single-tenant space, offering a versatile blend of warehouse and office functionality. The warehouse/garage area encompasses 1,218 square feet and features three convenient roll-up doors for easy access and loading. A separate, climate-controlled lobby area provides 336 square feet of comfortable office space. Additional amenities include a dedicated utility room, two bathrooms, and both covered and uncovered parking. The property is leased as-is, with the tenant responsible for base rent, property taxes, insurance, and Florida state sales tax. Permitted uses are diverse and include, but are not limited to: civic uses (recreation, government, entertainment, religious, social, and educational)

• CAP approach

  CAP return

  Valuation

  6%

  $584,289

  6.5%

  $539,343

  7%

  $500,819

• Comparable approach

  Method

  Valuation

  Relative Method

  $208,049

  Geo Method

  $208,049

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,046,400

  Mixed-Use / Specialty

  $539,592

  Hospitality / Lodging

  $398,708

  Office

  $538,648

  Institutional / Educational

  $561,734

  Residential Income

  $657,229

  Multifamily

  $776,208

  Automotive / Energy

  $481,486

  Parking / Income-Based Land

  $164,010

  Restaurant / Food Service

  $285,280

  Healthcare / Senior Housing

  $551,115

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.1586

Longitude

-85.6586

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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