230 Arnold RdPanama City Beach, FL 32413

Property Details for 230 Arnold Rd

Year built

1982

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.81 AC

Property size (Sq ft)

6,450 SF

Zone code

PCB22

Property type

Office properties

APN

33422-000-000

APU

33422000000

Description

This exceptional 6,450 square foot medical office building, situated on a 0.8-acre lot at 230 S Arnold Rd, Panama City Beach, FL 32413, presents a unique investment opportunity. The single-story, Class B building, constructed in 1982 and extensively renovated in 2020, boasts 5,862 square feet of net rentable space. Currently vacant, this property offers immediate occupancy for an owner-user or potential for lease income. Key features include a new 15-ton HVAC system, a 2020 roof replacement, ample parking with dual street access, and a large, high-resolution digital sign. The property benefits from its prime location near City Hall, the new Panama City Beach Hospital (less than a mile away), and the beach (1000 feet). Arnold Road is undergoing a significant widening project, enhancing visibility and accessibility. The permitted zoning is commercial, allowing for flexibility in use. The asking price is $2,980,321, representing a price per square foot of $462.07. A survey and original floor plan are available. This is a fee-simple ownership opportunity. The building is ready for immediate occupancy and offers significant potential for a variety of uses, including its previous use as a medical office.

• CAP approach

  CAP return

  Valuation

  6%

  $1,180,041

  6.5%

  $1,089,269

  7%

  $1,011,464

• Comparable approach

  Method

  Valuation

  Relative Method

  $458,530

  Geo Method

  $458,530

• Alternative Use

  Use

  Valuation

  Residential

  $1,350,694

  Hospitality

  $1,237,228

  Educational

  $1,029,359

  Medical

  $1,064,760

  Retail

  $1,601,225

Location Insight

City

Panama City Beach

County

Bay

State

Florida

Latitude

30.2257

Longitude

-85.8903

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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