2507 Harrison AvePanama City, FL 32405

Property Details for 2507 Harrison Ave

Year built

2009

Construction

STEEL FRAME

Lot size

3.47 AC

Property size (Sq ft)

13,640 SF

Zone code

PC09

Property type

Healthcare properties

Property subtype

Medical offices

APN

13004-005-010

APU

13004005010

Description

This exceptional 3,500 square foot Class A medical office suite is located at 2507 Harrison Avenue, Suite 200, in Panama City, Florida. Built in 2009, this single-tenant space offers a prime location for healthcare professionals seeking a thriving practice environment. The property is situated in close proximity to major healthcare facilities including HCA Florida Hospital and Ascension Sacred Heart Bay, ensuring convenient access for patients and staff. Its strategic location also benefits from its proximity to numerous retail centers, banks, and restaurants, providing ample amenities for both patients and employees. The building itself is part of the Harrison Center, conveniently located approximately 200 yards from the intersection of West 23rd Street, a major arterial highway boasting an average daily traffic count of 35,000 vehicles. This high visibility location ensures excellent exposure and accessibility for the practice. The property features a total building square footage of 3,500 square feet, with the entire space available for lease. The Bay County property (APN: 13004-006-003) is a single-building structure, offering a convenient and efficient workspace. This is an unparalleled opportunity to establish or relocate a medical practice in a highly desirable and accessible location within Panama City.

• CAP approach

  CAP return

  Valuation

  6%

  $2,495,570

  6.5%

  $2,303,603

  7%

  $2,139,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $969,668

  Geo Method

  $969,668

• Alternative Use

  Use

  Valuation

  Residential

  $2,856,467

  Hospitality

  $2,616,509

  Educational

  $2,176,904

  Medical

  $2,251,772

  Retail

  $3,386,296

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.193

Longitude

-85.6588

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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