21929 Panama City Beach PkwyPanama City Beach, FL 32413

Property Details for 21929 Panama City Beach Pkwy

Year built

2019

Construction

STEEL FRAME

Lot size

1.18 AC

Property size (Sq ft)

10,260 SF

Zone code

BC05

Property type

Retail properties

Property subtype

Other retail properties

APN

35357-026-000

APU

35357026000

Description

This exceptional 5,700 square foot special purpose property, located at 21929 Panama City Beach Parkway in Panama City Beach, Florida (zip code 32413), presents a unique leasing opportunity. Situated on a lot with dimensions not specified, the single-tenant building boasts a versatile layout ideal for a variety of businesses. The property features a well-appointed office area complete with a reception desk, a comfortable client waiting area, two private offices, and two restrooms. This seamlessly integrates with a spacious 4,700 square foot open warehouse or showroom area, perfectly suited for storage, display, or production. Three 14' x 14' overhead doors provide convenient access for loading and unloading. The property's prime location along a major highway offers excellent visibility and accessibility, making it an attractive option for businesses seeking high traffic exposure. This is a single-tenant building with no additional suites. The property's APN is 35357-026-000. This exceptional space is ready for immediate occupancy and offers significant potential for growth and success in the thriving Panama City Beach market. The property is located in Bay County, Florida.

• CAP approach

  CAP return

  Valuation

  6%

  $2,099,828

  6.5%

  $1,938,303

  7%

  $1,799,853

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,838,046

  Geo Method

  $1,838,046

• Alternative Use

  Use

  Valuation

  Residential

  $1,635,031

  Hospitality

  $1,497,680

  Educational

  $1,246,052

  Medical

  $1,288,906

  Retail

  $1,938,303

Location Insight

City

Panama City Beach

County

Bay

State

Florida

Latitude

30.2614

Longitude

-85.9591

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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