5 Miracle Strip LoopPanama City Beach, FL 32407

Property Details for 5 Miracle Strip Loop

Year built

1986

Construction

WOOD

Lot size

1.12 AC

Property size (Sq ft)

17,892 SF

Zone code

PCB04

Property type

Office properties

APN

34881-525-000

APU

34881525000

Description

This exceptional executive office space, part of the Emerald Coast Professional Center, offers a prime location on the beach. The newly renovated building boasts 11,764 square feet, spread across two stories in a 16-unit brick structure. Currently, 1,000 square feet of office space is immediately available, perfect for a small business or expanding team. This particular unit features three private offices and a reception area, providing a professional and efficient workspace. The building offers ample parking with 37 spaces available for tenants and their clients. The property's convenient location ensures easy access for employees and visitors alike. Additional space ranging from 800 to 2,000 square feet may also be available, providing flexibility for businesses with varying needs. The property is identified by APN 34881-525-000 and is located in Bay County. Each floor of the building comprises 7,200 square feet, offering a well-proportioned layout. This is a fantastic opportunity to secure high-quality office space in a desirable beachfront location. Inquire today to learn more about leasing options and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $3,273,573

  6.5%

  $3,021,760

  7%

  $2,805,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,271,942

  Geo Method

  $1,271,942

• Alternative Use

  Use

  Valuation

  Residential

  $3,746,982

  Hospitality

  $3,432,216

  Educational

  $2,855,563

  Medical

  $2,953,770

  Retail

  $4,441,987

Location Insight

City

Panama City Beach

County

Bay

State

Florida

Latitude

30.1837

Longitude

-85.805

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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