747 Jenks AvePanama City, FL 32401

Property Details for 747 Jenks Ave

Year built

1986

Construction

WOOD

Lot size

0.64 AC

Property size (Sq ft)

7,872 SF

Zone code

PC06

Property type

Office properties

APN

20021-000-000

APU

20021000000

Description

This exceptional 2,000 square foot office space at 747 Jenks Avenue #F boasts a prime downtown location. Recently upgraded with stylish vinyl plank flooring throughout, the property offers a versatile layout ideal for various business needs. The space includes four private offices with individual doors, a dedicated conference room, and a large open area perfect for cubicles or a showroom. Additional features include a convenient file room, a well-equipped kitchen/break room, and multiple restrooms. The unique architectural details, such as high wood plank ceilings, create a sophisticated and inviting atmosphere, complemented by abundant natural light. Access is provided via both front and rear entrances, with the rear offering designated private parking for six vehicles and a back deck. The lease rate is inclusive of water and garbage pickup. The property features approximately four or five steps leading up to the main office area from the entryway. This is a truly remarkable opportunity to secure a well-appointed and conveniently located office space in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,440,348

  6.5%

  $1,329,552

  7%

  $1,234,584

• Comparable approach

  Method

  Valuation

  Relative Method

  $559,620

  Geo Method

  $559,620

• Alternative Use

  Use

  Valuation

  Residential

  $1,648,644

  Hospitality

  $1,510,149

  Educational

  $1,256,426

  Medical

  $1,299,637

  Retail

  $1,954,441

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.1619

Longitude

-85.663

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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