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

Retail properties

Property subtype

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%

  $756,879

  6.5%

  $698,658

  7%

  $648,754

• Comparable approach

  Method

  Valuation

  Relative Method

  $504,119

  Geo Method

  $504,119

• Alternative Use

  Use

  Valuation

  Residential

  $589,344

  Hospitality

  $539,836

  Educational

  $449,137

  Medical

  $464,584

  Retail

  $698,658

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

FAQs

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