230 6Th StPanama City, FL 32401

  • Industrial properties
  • 4,650 SF
For Lease
$7.48/SF/YR View listing

Property Details for 230 6Th St

Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.17 AC
Property size (Sq ft)
4,650 SF
Zone code
PC10
Property type
Industrial properties
Property subtype
Other warehouses
APN
20088-000-000
APU
20088000000

Description

This exceptional 4,650-square-foot special purpose property at 230 W 6th Street presents a unique opportunity in a prime downtown location. The building features a desirable open floor plan, ideal for a wide range of uses, from service businesses to professional offices. Its adaptability is further enhanced by a large roll-up front door and separate glass entry doors, providing convenient access and versatile functionality. The current asking price reflects the property's 4,000+ square footage and existing condition. The seller demonstrates flexibility in terms and is open to negotiating build-out contributions, potentially offering substantial rent credits to offset future rent increases. This arrangement allows for a long-term, low-rent rate, enabling tenants to customize the space to their specific needs. The seller is willing to collaborate on build-out plans, making this an attractive option for businesses seeking a cost-effective solution. Note that automotive repair businesses are not permitted. This property offers a rare chance to secure a significant amount of space at a competitive rate in a highly desirable downtown area. The property is offered as-is. The APN is 20088-000-000. The property is a single-tenant building with no suites.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $973,861
    Hospitality
    $892,052
    Educational
    $742,177
    Medical
    $767,701
    Retail
    $1,154,497
230 6Th St, Panama City, Florida

Location Insight

City
Panama City
County
Bay
State
Florida
Latitude
30.1591
Longitude
-85.6635
CBSA code
37460
CBSA name
PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,136
$37,500
$19,332
$56,832
-
$37,500
$19,332
$56,832

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